Consultation document to explore options to tax gains on UK property.
The government is considering bringing non-resident companies with UK taxable income and gains from the disposal of UK residential property interests within the scope of corporation tax.
This would be a fundamental change to the taxation of most non-resident companies that file self-assessment returns but would ensure consistency in the taxation of income from UK real property is. Such a move would also bring non-resident capital gains tax gains within the corporation tax regime.
HMRC has published a consultation document on this. Responses should be emailed here by 9 June 2017.
