Selling UK property from abroad? Here’s how UK capital gains tax really works
Non-UK residents historically didn’t pay capital gains tax on disposals of UK situs assets. However, between 2013 and 2019 this position got fundamentally altered, with the UK gradually extending its CGT taxing rights over non-UK residents in respect of specific categories of UK assets. It all started with the government targeting offshore company vehicles set […]
Annual Tax on Enveloped Dwellings (ATED)
ATED is a tax (s.94 Finance Act 2013) charged on ‘non-natural persons’ (a company, a partnership with a company member, or a collective investment scheme) that hold an interest in one or more UK residential dwelling(s) known as (a ‘single-dwelling interest’) and where that single dwelling interest is worth a certain value threshold as follows: […]
