The UK property market has been a favourite for offshore investors for many years. New tax charges for residential property were introduced in April 2015 and are being extended from April 2019 to all types of UK property, including commercial. If you have any UK property interests you need to understand the new disclosure rules and how the tax charges will be imposed.
The changes will ensure that all gains accruing on disposals of interests in UK property (land and buildings) will become chargeable to UK Capital Gains Tax. The precise details of the changes are still subject to consultation, but the UK government has set a preceden...