Since April 2015 the sale of residential property in the United Kingdom owned by non-UK domiciled individuals can generate a tax charge. In the summer the government published the Summer Finance Bill 2015 which also proposes key changes to the inheritance tax regime applicable to many non-UK residents. These changes, together with forthcoming changes to the ‘nil-rate’ band payable represent important developments for practitioners.
Jack Rundall discusses these in his latest article for LawSkills, to view the article in full please click here.