Update on Proposed UK Tax on Non-UK Residents’ UK Property Gains - Funds and JVs Left in the Dark

Update on Proposed UK Tax on Non-UK Residents’ UK Property Gains - Funds and JVs Left in the Dark


By: Nick Thornton, Will Gay

New draft legislation published for technical discussion provides some further detail on the UK Government's proposed taxation of non-UK residents' gains on UK property and assets deriving significant value from UK property. Unfortunately, uncertainty remains around the new regime's application to UK property funds and joint ventures.

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