The Inside View
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Category: Category 3
csmgadmin October 21, 2017 0 commentsBackground: Imagine if you will a freehold mid terrace Victorian house arranged as 4 self-contained flats. The flats have been sold off on long leases with the freehold interest of the building owned by a limited company with each leaseholder owning a share of the company. The company is dissolved for not filing annual returns at Companies House and the
csmgadmin October 17, 2017 0 commentsHistorically properties in the UK owned by non-UK Residents did not incur Capital Gains Tax (CGT). However, from April 6th 2015 non UK residents will now be subject to CGT on disposal of assets including property. Any gain made prior to 6th April 2015 will not be chargeable. We recommend that non-UK residents should have their properties valued as at