HMRC guidance on NRCGT: UK residential property updated
Released 14 July 2017
HMRC have updated their online guidance Capital Gains Tax for non-residents: UK residential property, which explains the charge to capital gains tax for a non-resident selling a UK residential property.
The Penalties section has been updated (which excludes daily late filing penalties) and a new bullet has been added to 'what isn’t residential property' section, which lists care or nursing homes, school pupil accommodation, purpose built student accommodation, building land (provided no residential building is under construction), hospitals or hospices, military accommodation and prisons as not constituting residential property.
View the updated guidance at Capital Gains Tax for non-residents: UK residential property.