CGT on Sale of UK Residential Property

CGT on Sale of UK Residential Property

Under new rules, British expatriates and non-UK residents may now be liable to pay Capital Gains Tax (CGT) of up to 28% on the sale of residential property in the UK.

Since April 2015, the sale of a UK property by someone living outside the UK will incur a tax bill of 28% of the gains made from any gain realised. The CGT exemption that previously applied to non-UK residents has been cancelled.