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.

Meet the expert

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.

rsham@wisteria.co.uk

Learn more about Richard

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What makes Wisteria different?

Specialist tax and business advisers like no other

We seek out opportunities

While working on your tax affairs, we seek out opportunities for you to further develop. We’re with you every step of the way.
We aim to keep you in the loop

We aim to keep you fully in the loop, discussing developments and new options with you, as part of regular meetings.
You're in safe hands

We give you peace of mind, your tax return is dealt with in good time, and each opportunity is identified and implemented.
Long term relationship

By developing long-term relationships with clients, our tax return services work alongside the tax advice we provide.