Capital Gains Tax For non-UK Residents

Since 6 April 2015 HMRC have been charging capital gains tax on property disposals by non UK residents. This means that HMRC now need to be informed of a property sale owned by a non-resident individual, company or fund and CGT has to be paid on the disposal within 30 days of the date of sale. For properties that are owned jointly, each person must inform HMRC of the sale on separate tax re… Continue Reading

Tuchbands Budget Report

The Chancellor’s 2013 Budget contained some important announcements and confirmed a number of changes planned for the new tax year. Following this, we are delighted to attach the Tuchbands Budget Report  which contains the latest tax and financial information, which we trust you will find useful. As a result there may be a number of changes that will affect you so please fee… Continue Reading

Capital Gains Tax on Second Homes

The rules regarding the capital gains tax treatment for a second property are quite complicated and commonly misunderstood. As soon as a second property is bought or becomes available example by the finishing of a letting period a principal private residence collection should be filed with HMRC. In practice there is two years in which to file the selection but here at Tuchbands we… Continue Reading