Disposal of a main home by a non-resident individual under non-resident capital gains tax (NRCGT)

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

The non-resident capital gain tax (NRCGT) regime was first implemented in 6 April 2015 to apply to non-UK residents disposing of UK residential property and is referred to as the NRCGT 2015 regime below. It was extended with changes to the regime from 6 April 2019, referred to as the NRCGT 2019 regime below.

The changes effectively rewrote the provisions of the original NRCGT regime and extended it to include transactions in land generally. This includes the disposal of non-residential UK property and indirect disposals of UK property with effect from 6 April 2019. The result is that all disposals of interests in UK land (including buildings) by non-residents are now within the scope of NRCGT.

For detailed commentary on the other aspects of NRCGT disposals, see the guidance notes listed below. Many of these guidance notes also look at aspects affecting the disposal of a main residence. However, the purpose of this guidance note is to draw out those elements of the NRCGT regime

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