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24.11.17

Taxing gains made by non-residents consultation

Whilst the Budget speech did not appear to mention it, Douglas Keel, a tax barrister, mentions that a Consultation Document and a Technical Note where published jointly by HM Treasure and HMRC with a view to taxing gains arising to non-residents from the disposal of UK immovable property from April 2019 and an anti-forestalling rule will apply from 22 November 2017 to prevent the use of double tax treaties to arrangements whose main purpose or one of whose main purposes is to obtain a UK tax advantage.

The Con Doc and Technical note can be found here and here.