Capital gains tax for non-residents disposing of UK residential property: Final Rules

The new capital gains tax charge on non-residents who dispose of UK residential property, "non-resident CGT" (NRCGT), introduced in the Finance Act 2015, came into effect on 6 April 2015.

Here is an updated summary of the final provisions of the new legislation, together with a number of planning points.

As the updated briefing note is similar in many respects to earlier versions of this briefing written since the new rules were first proposed, for ease of reference, we have produced a pdf in which material differences are highlighted.