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Non-Resident Capital Gains Tax


dan turco

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The government announced that it will charge capital gains tax (CGT) on gains made by non-residents disposing of UK residential property, from April 2015. The charge will come into effect in April 2015 and apply only to gains arising from that date.  Does anyone know how the value of your property will be determine on April 2015?  Should a valuation of your property be assessed around this date?  Any recommendations on the best way to do so?  Thanks.  DT

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  • 3 months later...

Hi,

 

This change affected my husband and I as we are living in the Middle East and have 7 buy-to-let properties back in the UK.

 

To have the properties valued was expensive so we opted to have two Estate Agents formally value the properties and document this for us as of 6th April.  In addition I keep details from Right Move of similar properties sold.

 

We don't plan to sell our buy-to-let houses but you never know...

 

Hope this is helpful.

 

 

 

 

 

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