Consultation outcome

Taxing gains made by non-residents on UK immovable property

• From: HM Revenue & Customs and HM Treasury
• Published: 22 November 2017
• Last updated: 6 July 2018 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Read the full outcome

Taxing gains made by non-residents on UK immovable property - summary of responses

PDF, 470 KB, 38 pages

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Detail of outcome

The formal consultation on this measure closed on 16 February 2018. We received more than 120 written responses and attended about 20 meetings.

We would like to thank everyone who contributed.

We have published draft legislation with the response document, and officials will continue to work with the industry to formalise the full rules before Budget 2018.

You can read the draft legislation, with a supporting explanatory note and tax information and impact note.

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Original consultation

Summary

Consultation on the tax treatment of gains accruing on disposals of interests in UK immovable property by non-residents, and Technical Note on accompanying anti-forestalling rule.

This consultation ran from
1:30pm on 22 November 2017 to 11:45pm on 16 February 2018

Consultation description

This consultation describes the government’s proposals for the intended scope of new rules to charge non-residents to tax on gains realised from disposal of interests in UK property, and invites comments and feedback on particular issues and impacts of the policy as described.

The accompanying Technical Note describes a related anti-forestalling rule that applies from 22 November 2017.

Documents

Taxing gains made by non-residents on UK immovable property - consultation

PDF, 263 KB, 33 pages

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Technical note: Taxing gains made by non-residents on UK immovable property

PDF, 187 KB, 6 pages

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Published 22 November 2017
Last updated 6 July 2018 + show all updates

1. 6 July 2018

   Added summary of responses and link to draft legislation.

2. 22 November 2017

   First published.