News & Insights

Client Alert

November 6, 2019

Investment in UK commercial real estate by UK Non-residents – Overview of the main UK taxes and tax implications of latest developments


BACKGROUND

Changes to the UK tax treatment of non-UK residents means that gains arising from direct and indirect disposals of UK commercial real estate by non-UK residents are subject to capital gains tax in the UK (with effect from 1 April 2019) and the UK corporate tax (rather than income tax) regime will apply to the UK property businesses of non-UK resident corporates (with effect from 1 April 2020).

This note provides an overview of the main UK taxes applicable to non-residents acquiring, owning and disposing of UK commercial real estate, and highlights the implications of some of the recent changes in UK tax law impacting non-UK residents.

To read the full client alert, click here.