Implementing a capital gains tax charge on non-residents
This consultation discusses the best way to implement a capital gains tax charge on non-residents.
The government has announced that, from April 2015, non-residents disposing of UK residential property will be subject to a capital gains tax charge. This consultation sets out the proposed scope of the regime and likely design features, and seeks views on the approach proposed and potential impacts.
Who should read thisIndividuals, companies, fund managers, advisers and others involved in property transactions and disposals.
Next stepsWorkshops will be held to discuss specific issues – please get in touch if you would like to be involved. After the consultation, the government will take all responses into account before deciding on the final policy design and publishing draft legislation for technical scrutiny in the autumn. If necessary, the government will run a technical consultation before then on particular design and delivery features of the new scheme.