HMRC publish guidance for non-UK residents who make capital gains on UK property or land. Specifically, the guidance allows taxpayers to find out if they are liable to CGT if they are not resident in the UK and are “making direct or indirect disposals of UK property or land”.
The HMRC text has been updated (2 December 2022) with the following:
- guidance about when taxpayers must file a return using the Capital Gains Tax on UK Property Account; and
- information about authorising an agent to file returns using the Capital Gains Tax on UK Property Account on behalf of the taxpayer.
The complete table of contents for the guidance is as follows:
- Deadline for reporting the disposal and payment
- Work out what you need to pay
- How to report disposals
- If you need to amend your Capital Gains Tax return
- Use an agent
- Self Assessment tax returns
- Direct disposals of UK property or land
- Indirect disposals of UK property or land
- Temporary non-residents
- Personal representatives of a deceased person who lived abroad
- Keep records of what you report to HMRC
- Disposals made before 6 April 2020
Related content from Claritax Books
Advising British Expats is a detailed guide to the tax issues arising for individuals who leave the UK to live and work abroad. Written for accountants and other professional tax advisers, the book also includes commentary on individuals coming to work in the UK.