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From 6 April 2019, a single capital gains tax regime will apply to all UK land owned by non-UK residents.
Extension of Non-Resident Capital Gains Tax should set alarm bells ringing for overseas property owners – and their conveyancers
From April 2019, non-resident capital gains tax (NRCGT) extends to non-residential UK property and substantial interests in “UK property rich entities”.
We cannot stress enough how important it is for clients take advice early, especially considering the short deadlines involved, coupled with the information that may be required for the tax computation.