All UK nationals, both in the UK and overseas, need to be aware of recent important changes made to Capital Gains Tax (CGT) legislation in the UK.
In the 2013 autumn Budget Statement, the UK government stated that the law confirming non-resident UK nationals are not liable to UK CGT on disposal of UK assets was something of an anomaly compared to the stance taken by many of their European neighbours.
This announcement showed a clear desire to tax UK property gains for such individuals.
The 2014 budget initiated a short period of consultation, and the law changed (with regard to residential property only) from the start of the 2015/2016 tax year.
There are a number of actions that can help mitigate any potential CGT liability, with many involving calculations based upon a baseline UK property valuation taken at the start of the 2015/2016 tax year.
With this in mind, we are pleased to announce that we have joined with a major nationwide Royal Institute of Chartered Surveyors registered company to launch an exciting new UK Property Valuation service.
If you want to take advantage of the Property Valuation service, learn more about how changes in CGT legislation impact you, or talk through your options, our specialist Mark Cornwall can help you.
Please email Mark directly at mark.cornwall@unitedadvisersgroup.com to arrange a convenient time for an informal chat, or use the blue contact box on this page.
