If your UK property generates rental income, you are required to report the net income.
When you sell your UK property, there may be a one-off tax return due if the property has gained in value since you purchased it.
If you sell your UK property while you are non-UK resident, a special one-time Non-Resident Capital Gains Tax (NRCGT) return will need to be filed within 30 days of completion. This form must be filed online in addition to your regular tax return.
We specialise in providing UK tax services and are a leading provider for cost-effective solutions to individuals, companies, partnerships and trusts. Our team in Southeast Asia provides timely and bespoke UK tax services to individuals living in Singapore, backed by a team of 55 UK tax specialists based in London, England. We are flexible in the way we work, like to get to know our clients well and are passionate about looking after them.
In 2022, we prepared over 1,200 UK tax returns, each with different needs and circumstances. Our clients comment on our ability to deliver an exceptional service with empathy and authenticity. We believe the size of our team and regular communication allows the unparalleled opportunity to specialise, while maintaining close personal attention that is vital for you.
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