Capital Gains Tax (CGT) have historically been subject only to UK resident individuals and entities, whilst non-UK residents have not. From 6 April 2015, the CGT regime was extended to non-UK residents disposing of UK residential property. This document discusses key points on the rules, chargeable persons, meaning of NRCGT disposal, methods of calculating the gains and losses and compliance matters..

Points discussed within this guidance note:

> Summary

Non resident CGT charges have been made since 6  April  2015 when the CGT regime was extended to non-UK residents  disposing of UK residential property and by 6 April 2019 all disposals of interests in UK land by  non-residents will then be within scope. This note discusses the rules, rates of tax and key points of the regime.

>> Allowable deductions from the proceeds

> Chargeable persons

This note looks at in detail which non-resident persons or entities  are  subject to CGT under the NRCGT rules and to identify which chargeable person is caught by the non resident cgt rules.

>> Individuals

>> Partnerships

> What is a NRCGT disposal?

>> UK residential property interest

>> Interest in UK land

>> Dwelling

> Calculating the gains and losses

>> Only or main residence relief

>> Use of NRCGT losses

> Compliance

>> NRCGT Return

>> Amount notionally chargeable

>> HMRC powers and safeguards

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