[CG73711] CG73711 – Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: The Charge to Non-Resident CGT, and the exemptions: Some key features of legislation
FA2015/S37 and FA2015/Sch 7 enact the provisions that extend CGT to chargeable gains accruing to non-UK resident persons on the disposal of an interest in UK residential property. The legislation refers to this as ‘non-resident CGT’ or ‘NRCGT’.
FA2015/S37 confirms that the scope of the provisions also covers individuals in the overseas part of a split year. Guidance on the Statutory Residence Test and what amounts to a split-year can be found in the RDR3: Statutory residence Test.