salavan Posted March 23, 2012 Report Share Posted March 23, 2012 hi i know this site is for residential landlords, but i just wondered if anyone knows if private landlords that are not resident and not ordinarily resident have to pay C.G.T. when they sell their property, as i got some sketchy news about changes in the 2012 budget thanks Link to comment Share on other sites More sharing options...
Richlist Posted March 23, 2012 Report Share Posted March 23, 2012 I'm not aware of any changes to the CGT rules. Therefore, non residents are treated the same as residents ie. Capital gains, less allowances are added to other taxable income and taxed at either 18% or 40 %. If CGT is paid in their country of residence then this payment is taken into account when calculating CGT due to HMRC, Link to comment Share on other sites More sharing options...
Carryon Regardless Posted March 23, 2012 Report Share Posted March 23, 2012 I think the title is misleading. To my mind the 'residents' are the tenants. Link to comment Share on other sites More sharing options...
Richlist Posted March 23, 2012 Report Share Posted March 23, 2012 I think the title is misleading. To my mind the 'residents' are the tenants. I can understand the confusion. I've taken the post as referring to capital gains tax liability for people not living (resident) in the UK. Link to comment Share on other sites More sharing options...
Carryon Regardless Posted March 23, 2012 Report Share Posted March 23, 2012 Where I take the 'residential' as being other than business rental , you think the op was referring to being non domicile in UK, and I thought he just meant he didn't live at the property. I hope he didn't just mean he lives as a Gypsy traveller. Link to comment Share on other sites More sharing options...
Richlist Posted March 24, 2012 Report Share Posted March 24, 2012 Seems I was wrong......there are CGT changes. Its all here:- http://www.sjpconnect.co.uk/sjpconnectpdf/Budget%20Report%202012.pdf Link to comment Share on other sites More sharing options...
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