Non-resident capital gains tax can be a tricky area. At Wisteria, we’re on-hand to help you navigate any changes in the law and help you plan for the future.
Prior to April 2015, non-residents of the UK would pay no CGT upon the disposal of UK based assets. This changed when HM Revenue and Customs brought UK residential property into the scope of UK CGT. Therefore, many individuals who previously had no tax exposure here when disposing of assets are now caught within UK tax. Not only this, but the rates and reporting requirements have changed with residential properties still being assessed to tax of up to 28%.
Ultimately, it is important to choose the correct tax advisers to ensure you remain compliant with your UK tax reporting requirements and are equipped to plan for the future. It is also essential that you stay on top of your declarations and pay the correct amount of tax.
Here at Wisteria, we have a dedicated team of UK taxation experts, specialising in property tax. Our advisors are well-versed in the UK obligations for non-UK residents. We ensure all of our clients’ tax affairs are kept up to date and any declarations are submitted in a timely manner.
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Richard became a director of Wisteria in 2018 and responsible for the Tax department. His clients vary from individuals to partnerships and Limited Companies. Since becoming a Chartered Tax Adviser in 2015, he has grown his client base to individuals and corporations within the UK as well as those based in South East Asia.
His main focus lies in those individuals who are UK resident/Non-resident with non-UK domiciled issues to High-Net-Worth Individuals who own residential and commercial properties within the UK.
Learn more about RichardSpecialist tax and business advisers like no other
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We aim to keep you fully in the loop, discussing developments and new options with you, as part of regular meetings.
We give you peace of mind, your tax return is dealt with in good time, and each opportunity is identified and implemented.
By developing long-term relationships with clients, our tax return services work alongside the tax advice we provide.