We advise non-resident clients on how to manage their UK capital gains tax (CGT) position.
Capital gains made by non-residents on the disposal of UK residential and commercial property or land remain chargeable to UK CGT. This includes the sale of shares which derive their value from UK land and property.
Non-resident do not pay CGT on gains made on the disposal of their other UK assets i.e. sale of shares in a UK company, unless they are within the temporary non-residence rules and return to live in the UK.
We provide clear and concise capital gains tax advice to include:
- potential capital gains tax exposure on the sale of UK land and property;
- availability of reliefs to mitigate your UK capital gains tax liability i.e. main residence exemption;
- the interaction of the extended capital gain tax charge with the annual tax on enveloped dwellings;
- meeting UK reporting obligations for the capital gain through self-assessment or on a stand alone basis;
- temporary non-residence rules and planning to mitigate UK CGT exposure.
UK Private Client Tax Team
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Very clear and concise in explaining tax matters.
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