Q&As

A non-resident trustee disposes of a UK residential property in the tax year 2017/18. The trust was settled by a UK domiciled settlor in 2002. How would any gains arising from the disposal be taxed?

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Published on LexisPSL on 06/09/2017

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • A non-resident trustee disposes of a UK residential property in the tax year 2017/18. The trust was settled by a UK domiciled settlor in 2002. How would any gains arising from the disposal be taxed?

On 6 April 2015, new rules came into force which levy a capital gains tax (CGT) charge on the disposal of UK residential property by non-residents, including offshore trustees. The extended CGT charge takes precedence over existing anti-avoidance provisions that attribute gains to UK resident settlors or beneficiaries of non-resident trusts. However, it is only the portion of the grow

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