CGT CHANGES HIT RESIDENT AND FOREIGN PROPERTY OWNERS

摘要

The chancellor confirmed plans to charge capital gains tax (CGT) on non-residents who sell residential property in the UK and halved the period for private residence relief without any prior announcement. From April 2015, the government will introduce CGT on future gains made by non-residents disposing of UK residential property. A consultation on how to introduce the new CGT charge will be published in early 2014.