Capital Gains Tax rules have changed for Non-UK residents who own residential property in the UK....
Capital Gains Tax rules have changed for Non-UK residents who own residential property in the UK.
This means Non-UK residents who dispose of their UK residential property will be charged CGT on the increase in value of the property from 6th April 2015 onwards.
If this applies to you, there is a danger that you could pay more CGT than necessary when your property is eventually sold.
So, it’s vital to get an up-to-date valuation of your property now, even if you have no intention of selling.
Currently Capital Gains Tax rates are 18% and 28% dependent on your circumstances and a retrospective estimate of your property’s value could result in you paying more tax than you should when you decide to sell in the future.
If you would like us to arrange for a valuation of your property then please let us know and we can take care of everything for you.
Just call 028 9022 8409 or Click Here to contact us.
You can see more information on the official government website here.