2015 Finance Bill
As outlined in the 2015 Finance Bill, on 10 December 2014 the Government produced the widely anticipated draft legislation that will implement a Capital Gains Tax charge on non-residents selling UK residential property after 6 April 2015.
This represents a major change to the taxation of gains realised by non-residents. To outline the main changes The Fry Group have produced an online presentation on the subject presented by one of our internal UK tax experts. If you are currently living overseas and have any type of property in the UK we would urge you to make yourself aware of these proposed changes.
Please contact us to assist you with reviewing your circumstances and possible tax exposure.