Legal News

Finance Bill 2019—capital gains tax filing and payment on account on disposals of UK land

Published on: 30 November 2018
Published by: LexisPSL
  • Finance Bill 2019—capital gains tax filing and payment on account on disposals of UK land
  • Original news
  • What key changes have been made to the draft legislation since it was first published on 6 July 2018?
  • Payments on account: exclusions
  • Removal of references to companies
  • How will the new rules on CGT filing and payment on account apply to individuals, trustees and personal representatives and what exclusions are there?
  • Who will be affected by the new rules—from 6 April 2019 and 6 April 2020 respectively?
  • What concerns remain?
  • Finally, how do the new rules in relation to CGT filing and payment window interact with changes to the capital gains tax and corporation tax rules on disposals of UK real property?

Article summary

Private Client analysis: The Finance Bill 2019 (formally the Finance (No 3) Bill 2017–19, but also known as Finance Bill 2018–19) (FB 2019) is passing through its House of Commons stages. Andrew Goldstone, partner, and Katherine Forster, at Mishcon de Reya LLP, examine the draft provisions relating to the CGT filing and payment on account requirements in relation to disposals of UK land and consider the effect on overseas investors in UK real estate. or take a trial to read the full analysis.

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