Safe as Houses

Rupert Smith of Complete RPI highlights how UK property investment can form the basis of any pension or long term investment plan

Her Majesty’s Revenue & Customs

The UK government published draft legislation that detailed changes to Capital Gains Tax (CGT) on the sale of properties for overseas investors. The changes bring the UK in line with other global property markets and aligns non-resident property investors with UK resident homeowners.

From 6 April 2015, non-resident UK property investors will be charged on any gains made from the sale of their property of between 18 and 28 per cent, the same rate as UK resident homeowners. The UK government has deemed any UK property owner who spends less than 90 nights in their property to be a non-resident investor and CGT will also be levied on off-plan properties.

We have appointed an accredited firm of RICS registered surveyors and negotiated a special flat fee for all investors who have bought a UK property. This valuation will be a RICS Red Book Valuation Certificate suitable for the purposes of your future CGT calculations and submission to HMRC.

The changes mean that non-resident UK property owners will need to consider obtaining a valuation of their property.

To arrange a valuation simply click “Arrange a valuation” and complete the form on our website at www.completerpi.com

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