CGT: taxing non-residents’ gains on immovable property

The government has published a consultation on taxing non-residents’ gains on immovable property; for example, UK commercial property. This follows on from legislation included in Finance Act 2015 which taxes non-residents on gains on UK residential property. 

Legislation will be introduced in Finance Bill 2019 with the changes expected to apply from 1 April 2019 for companies and from 6 April 2019 otherwise. An anti-forestalling measure has immediate effect.

Stamp duty land tax (SDLT) relief for first-time buyers