What capital gains tax is payable in the UK?

From April 2015, non residents (individuals and companies) have to pay capital gains tax. Every person (resident or non resident) have an annual exemption for Capital Gains. This is £11,700 for tax year 2018/2019. Current capital gains tax rates for residents are 18% or 28%. Capital gains in companies are taxed as ‘corporation tax’ and forms part of its profits. The rate of corporation tax for non UK companies is 20%.Non-resident companies, if subject to ATED (please see ATED tab), will pay capital gains tax @ 28%.

Summary

UK and Non UK Residents

• Receive annual exemption
• Balance taxed at 18%/28%

Non UK Companies

• No annual exemption
• Treat as income in company
• Charged at corporation tax rate, unless property was subject to ATED prior to sale.