HMRC update guidance on capital gains tax on property and land

Released 06 April 2019

HMRC have updated two guides guidance on capital gains tax on property and land to reflect changes from 6 April 2019.

Capital Gains Tax on high value residential property explains about the Annual Tax on Enveloped Dwellings (ATED) related capital gains tax charge payable mainly by companies that own UK residential property valued at more than £500,000.

Work out your tax if you're a non-resident selling UK property or land explains how to work out a taxable capital gain or loss on a direct or indirect disposal of UK property or land.

Both guides have been updated to reflect that ATED-related capital gains tax will no longer apply from 6 April 2019, the extension of non-resident capital gains tax to include all UK property or land and non-resident companies disposing of UK property or land now being liable to corporation tax.

View the updated guidance at:

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