Commentary

D4.122B Non-resident companies carrying on a UK property business—from 6 April 2020

Corporate tax
Corporate tax | Commentary

D4.122B Non-resident companies carrying on a UK property business—from 6 April 2020

Corporate tax | Commentary

D4.122B Non-resident companies carrying on a UK property business—from 6 April 2020

From 6 April 2020, non-UK resident companies are chargeable to corporation tax rather than to income tax on profits from a UK property business and on 'other UK property income'1.

Essentially, from this date, the tax treatment of non-resident companies carrying on a UK property business mirrors the treatment that applies to UK resident companies carrying on such a business.

The non-resident company is chargeable to corporation tax on the profits of its UK property and (separately) profits on loan relationships or derivatives which enable the company to generate

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