Non Resident Capital Gains Tax Regime – UK Residential Property
Since 6 April 2015, a non-resident whether an individual or a company who disposes of UK residential property is subject to the non-resident capital gains tax regime.
Since 6 April 2015, a non-resident whether an individual or a company who disposes of UK residential property is subject to the non-resident capital gains tax regime.
There are a variety of expenses that can be deducted when calculating your net rental profit. Anthony takes a look at these in his blog on Reporting Rental Income!
From the 2020/21 tax year onwards, no deduction will be allowed for mortgage interest in calculating the rental profits.