Owners of non-primary property in Britain have just over a year to prepare for a dramatic change in their tax position.
In his 2013 autumn statement, British chancellor George Osborne announced an extension of Capital Gains Tax to apply to all future gains made by non-resident owners when they sell a residential property.
The general consensus among the economic analysts is that CGT will only take into consideration gains made from April 2015 onwards.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team