I understand that non-residents are now treated differently for capital gains; when did this happen and what are the changes?
I understand that non-residents are now treated differently for capital gains; when did this happen and what are the changes?
31st August 2005
The changes are effective from 17 March 1998. Before that date, if you were not resident and not ordinarily resident in the UK, you were not liable to capital gains tax on disposals of assets that were not held for the purpose of carrying on a trade, profession or vocation through a UK branch or agency.
If you left the UK on or after 17 March 1998, you fall within the new rules for capital gains.
To view the rest of this article - and thousands like it - become a PRO member today...
To read this article you need to be a Property Secrets PRO member. In addition to thousands of searchable articles on UK and worldwide property investment, your PRO membership will give you full access to over £600 worth of eBooks and Spreadsheet Software, advice-packed blogs from leading property experts and our busy Property Forums - where you can talk to hundreds of investors just like you.
If you aren't currently a PRO member, then you can sign up using the form below now. At only £7.99 a month (first 14 days FREE) or £79.99 per year (that's TWO MONTHS FREE), it will prove exceptional value for money. Remember, our range of eBooks and Spreadsheet Software is worth over £600 and with a new article every day, there's always something to come back for.
Today's property market means it is vital to have full and unlimited access to the best information available to make intelligent and profitable decisions.
To find out more about the benefits of a Property Secrets PRO membership, click here...
If you are already a PRO member of Property Secrets, sign in at the top of the page.
Call Property Secrets on: +44 (0)1270 539550