Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Capital gains tax definition

What does Capital gains tax mean? Capital gains tax (CGT) is the tax on the profit (chargeable gain) realised when a chargeable asset is disposed of, for example by sale, gift or exchange of shares, land or a business. The concept and computation are statutory: in the UK, principally the Taxation of Chargeable Gains Act 1992; in Ireland, the Taxes Consolidation Act 1997. CGT primarily applies to individuals and trusts. In the UK, companies do not pay CGT; their gains are within corporation tax. In Ireland, companies are generally taxed on chargeable gains under corporation tax, typically at the CGT rate. Key features include an annual exempt...

Non-resident capital gains tax on UK residential property (2015–2019): scope, rates, computation, reliefs (PPR, hold-over), ATED interaction and compliance [Archived]

Published by a LexisNexis Private Client expert

Practice notes

ARCHIVED: This Practice Note gives an overview of the non-resident Capital gains tax (NRCGT) charge that applied to certain non-UK resident persons when they disposed of UK residential property on or after 6 April 2015 and before 6 April 2019.

This note is archived and is no longer maintained. From 6 April 2019, changes to the taxation of gains realised by non-UK residents on UK immovable property took effect, as set out in section 13 and Schedule 1, Part 1 to the Finance Act 2019. For the position from 6 April 2019, see Practice Note: Non-residents and tax on chargeable gains from 6 April 2019—gains and UK immovable property.

For disposals taking place on or after 6 April 2015 and before 6 April 2019, NRCGT applied where non-UK residents disposed of UK residential property. The rules covered:

Non-UK resident individuals, trustees, closely-held funds and companies
UK residential property of any value, including homes let as part of a property rental business
Disposals of rights to acquire UK residential property on an ‘off-plan’ basis

NRCGT applied only to gains accruing after 5 April 2015...

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Alison Cartin

Taylor Wessing LLP

Alison is a Knowledge Development Lawyer for the Private Client Group, responsible for the team's know how and training needs and monitoring legal and market developments. She regularly leads both in-house and external client training events and writes materials for the Bryan Cave Leighton Paisner Tax blog and clients. Prior to becoming a Knowledge Development Lawyer in 2004, Alison advised high net worth individuals and the international wealth management institutions that serve them on the full spectrum of contentious and non-contentious private client issues. She has extensive experience advising on cross-border tax and wealth planning issues and has been involved in advising governmental and regulatory bodies on the cross-border exchange of information in tax matters and international tax agreements. She is a member of the Society of Trust & Estate Practitioners (STEP)....

Web page updated on 21/05/2026

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