UK Capital Gains Tax Changes for enveloped commercial property

Mourants recently issued a nice summary detailing a slight pull back on the proposed changes to Captial Gains Tax on UK commercial properties owned by offshore vehicles, due to come into effect from 6 April 2019.   The changes will have a significant impact on Jersey companies with UK commerical property.—media/2018—updates/payment-of-uk-cgt-by-nonuk-residents-on-uk-commercial-property-gains-relief-for-tax-exempt-investors-and-overseas-funds.pdf

UK residential properties held in offshore structures have already been brought into the UK tax net with the ATED regime.

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