This month's exclusive Accountancy Daily CPD module focuses changing tax rules for non-residents planning to sell UK property for individuals, trustees and companies
From April 2020, non-UK resident companies will have to pay corporation tax on UK property income for the first time, with new rules for collective investment vehicles.
Under the new rules, a person who is not UK-resident for a tax year is chargeable to capital gains tax (CGT) on gains accruing in the tax year on assets that are interests in UK land and other assets that derive their value from UK land.
By completing this module on tax rules for non-residents disposing of UK land, you will be able to:
- understand the changes made by FA 2019 and who is now affected;
- identify the types of disposal that are within the scope of the new rules;
- calculate the gain that arises in the different circumstances; and
- comply with reporting and payment obligations.
This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. There are also detailed course notes to ensure a full learning experience. Any CPD learning is also automatically added to Your CPD Tracker.
The CPD course lecturer is Stephanie Webber ACA CTA, tax writer at Croner-i.
If you're already a subscriber, you can log in to access this CPD module.