Investing in UK property - tax issues for overseas buyers

The fall in sterling has opened up opportunities for overseas investors eyeing up the UK property market despite the imposition of UK inheritance tax on non-resident owners and changes to non dom tax rules. Liz Cuthbertson CTA, partner at Mercer & Hole considers the tax changes

First Brexit, then more tax changes appear to take at least some of the blame for hurting the UK economy but the depreciation of sterling has presented some good investment opportunities for overseas investors but there is a note of caution bearing in mind that some key changes to UK tax are expected to be legislated later this year.

This article considers the impact of the tax changes and what needs to be done by individuals either looking to buy property in the UK or who already own UK property.