Currently browsing Capital Gains Tax

New CGT rules for selling UK property

17th April 2020

On 6 April 2020 significant changes came into play relating to how Capital Gains Tax is calculated when selling a UK property. But there is something of a ‘soft landing’ with HMRC offering some breathing space from penalties in the first few months. Peter Webb, our International Tax Manager,... read more

Posted in: Capital Gains Tax, News, Tax, Uncategorized

UK property – tax trap or good investment?

12th February 2020

With significant changes to UK property tax rules coming in April, the landscape will be very different in a few months. Julian Smith, Head of Tax, reviews the tightening of the rules and how the changes may impact on the perception that UK property is a good investment option.... read more

Posted in: Capital Gains Tax, News, Tax

UK tax digest

23rd October 2019

Julian Smith, our Head of Tax, offers a quick round-up of the latest UK tax news: Record low of non-doms in UK Following a number of reforms in recent years the number of non-domiciled taxpayers in the UK has dropped from 98,500 to 78,000. Half of the decline is... read more

Posted in: Capital Gains Tax, News, Tax

Reducing Capital Gains Tax

14th June 2019

If you are planning to sell a property in the UK which you currently let and which has previously been your main residence, an important tax deadline is on the horizon. Ensuring the sale exchanges on or before 5 April 2020 could allow you to maximise any Capital Gains... read more

Posted in: Capital Gains Tax, Tax

Letting a UK property? An Update on Property Tax…

2nd September 2018

There have been a number of developments for those letting UK property with new approaches to deadlines when paying Capital Gains Tax, a proposed extension on the time limit for investigating those with offshore funds and restrictions on Rent-a-Room relief. Deadlines for Payment of Capital Gains Tax (CGT) From April... read more

Posted in: Capital Gains Tax, Tax

An Update on Changes to Domicile Rules

17th July 2017

Changes to domicile rules are on their way. The Financial Secretary to the Treasury has released a written statement regarding changes to domicile rules. In this statement it’s made clear that the items dropped from the Finance Bill on the calling of the General Election will be reintroduced in... read more

Posted in: Capital Gains Tax, Inheritance Tax, News

Changes to the Tax Treatment of Non-Domiciles

30th January 2017

New Tax Rules for UK Non-Domiciles are to come into effect from 6 April 2017. Draft legislation on most of the changes has been included in the Finance Bill 2017 which was published on 5 December 2016. There have been some changes since the previous proposals, in particular the... read more

Posted in: Capital Gains Tax, News, Tax