27 March 2019

Capital Gains Tax changes for non-UK resident owners

From April 6th 2019, changes are afoot regarding Capital Gains Tax levied upon UK residential and commercial properties, held by non-UK residents and companies. The Bill, which is due to be enacted shortly, brings commercial properties into the CGT net whereas previously (since 2015), only residential properties held by non-UK residents were subject to Capital Gains Tax.

In addition, residential and commercial properties held by “property rich entities” will also be subject to Capital Gains Tax under these proposed changes. The rates of tax are dependent on the way in which the property is held, i.e. different rates for non-resident individuals, companies etc.


The new re-base date of April 2019 applies to commercial properties and properties defined under the Act as “property rich”. The re-base date for residential properties remains at April 2015 as before.


According to Gemma Quinn, Registered Valuer at SHW: “Depending on the date of acquisition of the asset, it may be beneficial to have properties valued as at April 2019 so that the valuation can be relied upon should the asset be disposed of in future.”


If you would like some further advice, please contact Gemma Quinn on 0207 389 1512 / or alternatively visit for additional information.



Gemma Quinn

020 7389 1512

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