Tax aspects of non-UK residents buying property in the UK

Tax aspects of non-UK residents buying property in the UK

More and more international investors are looking to buy property in the UK. This is being driven by positive returns and performance in the UK property and rentals market. In recent years HMRC have gradually increased the tax rules and reporting regimes in relation to property tax. This applies to both UK and non-UK resident investors.

We have produced a summary document covering the main UK tax implications for non-UK residents purchasing and owning UK property. Our insightful overview covers income tax including the Non-resident landlord scheme which many overseas landlords can be unaware of in our experience. We also bring awareness to the potentially onerous ATED regime, the seemingly ever-changing CGT rules, Stamp Duty Land Tax and Inheritance tax implications – yes IHT does apply to all UK situs assets regardless of the residence status of the owner!

With effect from April 2019, specific changes have also been introduced for companies owning UK property so don’t delay and download the full copy of our summary of tax aspects for non-UK residents buying property in the UK.

Want to know more?

For further information regarding UK tax implications for non-UK residents purchasing and owning UK property, or to discuss any of the areas raised in the attached in more detail, please speak with your usual Azets contact or a member of our Tax team.