Capital Gains Tax

For non residents in the UK, the sale or disposal of a UK residential property may be liable to Capital Gains Tax on any gains you make on the disposal after 5th April 2015.

For any residential property held on 6th April 2015 and disposed of after that date, the gain will be based upon the excess over the market value at 5th April 2015 (We would recommend all non residents to have a valuation carried out).

Capital Gains Tax


Capital Gains Tax is a tax on the profit when you sell or give away an asset that has increased in value. It's the gain you have made that is taxed, not the amount of money you receive.

Our Capital Gains Tax Service includes:

  • Advising on reliefs such as Principal Private Residence relief, Entrepreneurs relief and Lettings relief
  • Advising if any exemptions are available, including Spouse exemption, Annual exemption and/or gifts to Charity
  • Advising on transferring assets between husband and wife
  • Advising on the timing of the disposal
  • Calculating potential Capital Gains Tax payable on a disposal
  • Advising on the potential Capital Gains Tax payable on a gift
  • Disposals of UK property by non-residents

The above information enables us to advise if it is possible to delay or defer the tax liability.


Non Resident Capital Gains Tax Returns

For individuals, the CGT charge will be 18% for basic rate taxpayers and 28% for higher and additional rate taxpayers. The rate will be determined by reference to the non UK residents individual UK income levels for that relevant tax year. They will however be entitled to the CGT annual exemption.

It should be noted that except where a UK Self Assessment Tax Return is already required; the Capital Gains Tax is payable within 30 days on completion.

Why not phone us on 020 8941 2187

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