Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Login
person
lock_outline
Why not sign up?

Privacy Policy

At Andrew Nunn & Associates, we’re committed to respecting and protecting your privacy.

This Privacy Policy explains when and why we collect personal information about our website visitors, customers and people who contact or interact with us, how we use it, the conditions under which we may disclose it to others and how we keep it secure.

If you do not want us to process your personal information as described in this Privacy Policy, please do not provide information to Andrew Nunn & Associates or use our website www.andrewnunnassociates.co.uk

Andrew Nunn & Associates has a Data Protection Officer who is responsible for matters relating to privacy and data protection. The Data Protection Officer can be reached at andrew@andrewnunnassociates.co.uk or 66 South Parade Chiswick W4 5LG. 

 



Register
There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match


How would you like to be contacted?

Autumn Statement - Capital Gains Tax

Back to articles
image

Last Updated: 16/09/2014  
Tags:

Foreign property owners will be made to pay UK capital gains tax when they sell homes in Britain, the chancellor has announced – in a move intended to raise £70m a year by 2018-19, mainly from wealthy overseas investors.
The move, outlined by George Osborne in the Autumn Statement, goes some way towards bringing London into line with other global property investment locations – such as New York, Paris and Hong Kong – where foreign buyers face much stricter tax rules in order to shield local home buyers from the inflationary effects of international demand.From April 2015, homeowners who are non-resident in the UK for tax purposes will become liable for CGT on any increase in property values after that date.
 
Concerning UK domiciled landlords, at present, owner-occupiers who become landlords can claim private residence relief from CGT if they sell the property within 36 months. From April 2014, this exempt period will be halved to 18 months, “to reduce the incentive for those with multiple homes to exploit the rules”.