January 2015 – Praxis Makes Perfect
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Read moreNew Capital Gains Tax on the Disposal of UK Residential Property by Non-UK Residents
In last year’s Autumn Statement the Government announced its intention to introduce Capital Gains Tax for non-UK residents who dispose of UK residential property. The Government felt it was unfair to tax a UK resident who sold a UK residential property, which was not their main residence, but not to...
Read morePrincipal Private Residence Review – the Government’s Response
Under current rules, UK residents disposing of their UK home are able to claim Principal Private Residence Relief (PPR) which in the majority of cases will reduce the capital gain on the disposal of their UK home to nil. Individuals with more than one home can elect which home is...
Read moreIncreases in the Remittance Basis User Charge
Chancellor George Osborne also wants to ensure a fair contribution from individuals. As part of this objective he has targeted people who are resident but not domiciled in the UK and who choose to be taxed on the remittance basis. The Remittance Basis User (RBU) Charge was introduced in April...
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