If you live outside the UK and have sold a UK residential property, you are required to report the sale and pay any Capital Gains Tax (CGT) due within 60 days of completion. Many non-resident individuals are unaware of this obligation, and failing to report on time can lead to penalties and interest charges.
At Türner & Co, we specialise in assisting non-resident landlords to meet their UK tax obligations, ensuring that CGT reporting is handled quickly and correctly. Even if no tax is due, you must still submit a return to HMRC.
Non-Resident Capital Gains Tax (NRCGT) applies to individuals who are not UK tax residents but dispose of UK residential property. Previously, non-residents were not subject to CGT in the UK, but since 6 April 2015, non-residents must report and pay tax on gains from selling UK residential properties.
From 6 April 2019, the NRCGT rules were expanded to include commercial properties and indirect disposals (e.g., selling shares in a company that owns UK property).
You must submit an NRCGT return within 60 days of completion if you are a non-UK resident and you dispose of:
Even if there is no tax to pay, you must still file an NRCGT return.
At Türner & Co, we take the stress out of your 60-day CGT reporting obligations by providing expert guidance and efficient tax filing services.
We calculate whether any CGT is due, applying all available exemptions and reliefs.
We handle the entire filing process with HMRC to ensure full compliance.
We provide you with payment instructions to avoid penalties or interest.
We explore ways to reduce your CGT bill, including applying Private Residence Relief, capital losses, and annual CGT exemptions.
If you’ve already sold your property but haven’t reported it, we can help bring you into compliance and mitigate penalties.
Yes. Even if no CGT is due, you must still file a return within 60 days of completion.
The clock starts ticking from the completion date, not the date you exchanged contracts.
The UK has primary taxing rights because the property is located in the UK. However, depending on your home country’s tax laws, you may also have to declare the gain there. In many cases, a foreign tax credit can be claimed to prevent double taxation.
Act now. If you’ve missed the deadline, penalties and interest may apply, but we can help minimize these by voluntarily bringing your case up to date with HMRC.
If you are required to submit a UK Self-Assessment tax return, you must also declare the disposal there, even if you have already filed an NRCGT return.
If you’ve recently sold a UK property or forgotten to report a past sale, Türner & Co is here to help. Our expert team ensures that you remain fully compliant with UK tax laws while minimising your tax liabilities.
Managing Director
Senior Manager
Head of Direct Taxes
