Commentary

C2.1142 Disposals of interest in UK land—use of capital losses

Capital gains tax
Capital gains tax | Commentary

C2.1142 Disposals of interest in UK land—use of capital losses

Capital gains tax | Commentary

C2.1142 Disposals of interest in UK land—use of capital losses

Non-residents are subject to tax on the total chargeable non-resident capital gains tax (NRCGT) gains for a tax year after deducting allowable losses.

Capital gains tax

For those non-residents subject to CGT (ie individuals, trustees and personal representatives), the losses that may be set against NRCGT gains comprise any allowable losses accruing to the non-resident in the tax year and any such unused losses brought forward1.

For non-residents, losses are only allowable if a gain would have to be taxable on the non-resident had it arisen on the same chargeable asset2. A non-resident is only subject to UK capital gains tax on gains

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