What’s changing: CGT overhaul for non-residents

Capital gains tax is being extended to non-residents for gains arising from property and land sales in the UK from April 2019. Stephanie Webber ACA CTA, specialist tax writer at Croner-i, examines the draft rules and potential pitfalls

On 6 July 2018, the government published draft legislation for inclusion in Finance Bill 2018–19, following proposals in Autumn Budget 2017 to extend capital gains tax (CGT) to non-residents for gains arising on all disposals of UK land from 6 April 2019.

The new rules go further than the existing CGT regimes applicable to non-residents (annual tax on enveloped dwellings (ATED) related CGT and NRCGT) by including commercial as well as residential property and extending the charge to cover all non-resident companies and indirect disposals.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | The King, the top 100, and wealth taxes

Tax | HMRC to extend UTT disclosure rules to wealthy individuals

Tax | Treasury consults on £2m council tax surcharge

Tax | Highest ever tax take at £939bn in single year

Tax | Personal tax changes from 6 April 2026

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily