Non-resident UK property owners warned of tax change

With effect from 6 April 2019 non-UK residents must pay tax on all UK land disposals – both residential and commercial – see FA 2019 s 13 and s 14. They must file a non-resident capital gains tax return and pay any tax due within 30 days of the sale.

Jon Stride co-chair of the ATT’s technical steering group said: ‘Any non-UK resident who owns an interest in UK land or property needs to be aware of these changes. In particular those looking to sell need to be aware that they will have to file a non-resident capital gains tax return with HMRC and pay any tax due in a very short time frame.’

He added that for disposals of commercial property and indirect disposals only an increase in value after 6 April 2019 will be liable so any tax due on such disposals is likely to...