Changes brought in on 6 April widened the UK Capital Gains Tax (CGT) net on UK property or land to include gains made by non-resident companies. This may have consequences for UK residents with offshore bonds invested in ‘UK property rich funds’.
Over recent years, HMRC has extended the rules relating to who must pay capital gains tax on disposals of UK property and land. From 6 April 2019, continued widening of the rules means that non-resident Capital Gains Tax now covers:
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