In the wake of updated UK CGT rules for non-residents, Nick Farmer and Stephen Hemmings assess the tax treatment for non-residents disposing of residential property in eight different jurisdictions
From April 2015 a capital gains tax charge will be introduced on future gains made by non-residents disposing of UK residential property. This is a fundamental change to the treatment of non-residents and a consultation on how best to introduce it will be published in early 2014 (expected at the same time of the Budget 19 March).
This change highlights the need for non-residents to consider their tax position carefully when acquiring and disposing of property in a foreign country.
In general most countries do tax non-residents when...
