Non-Resident Capital Gains Tax

Non-Resident Capital Gains Tax (CGT) rules have changed dramatically over the past few years and this can cause immeasurable annoyance. Let Wisteria help you stay up to date and offer advice to get your tax position correct.

Our understanding

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.

How we can help

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.

Call us today or fill in the call back request below and benefit from:

A free initial consultation and no-obligation quote
Fast and friendly service
Quick turnaround
Access to experienced tax experts
On-going assistance with all you tax needs

If you haven’t found what you’re looking for yet, view our other expert services for small businesses, or our solutions for mature businesses.

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Meet the expert

Richard has over 8 years experience at Wisteria and now heads up the tax and payroll team, managing all services from compliance and consultancy to payroll and investigations. Richard’s network of clients have grown to include HNW individuals based both in the and outside the UK with many having international taxation issues.

Meet Richard

Why choose us

While working on your tax affairs, we seek out opportunities. We aim to keep you fully in the loop, discussing developments and new options with you, as part of regular meetings. By developing long-term relationships with clients, our tax return services work alongside the tax advice we provide. We want to give you peace of mind that you are in safe hands, your tax return is dealt with in good time, and each opportunity is identified and implemented.

Preparation of Self Assessment tax returns

A self assessment tax return is the method by which taxpayers report their income and capital gains to HM Revenue and Customs. Wisteria’s team of qualified specialists can confirm whether it is necessary for you to complete a return and Wisteria provides an efficient and professional tax return completion service.
Income Tax and National Insurance Contributions (NIC) advice

If your tax affairs are more complicated, you will need to register for self-assessment and submit a tax return. If you would like help getting set up to submit Self Assessment tax returns or if you require more information about our tax services for individuals, contact us today.
Inheritance tax planning and reviews

Tax planning is completed either when you have decided what you want to achieve in the most tax efficient way, or where you wish to simply review your affairs. Wisteria’s tax specialists will review your position and advise on the most tax efficient way to structure your affairs generally or advice on any particular transaction.
Working with financial advisers to ensure you have an optimal tax and investment strategy

It is important to work with an accountant who you can get on with and feel you can trust. When selecting an accountant, there are many factors to take into account and many possible options available to you. Wisteria’s financial advisers can provide you with valuable advice on how to maximise your money.