In his Autumn Statement delivered on Thur 5.12.2013, the UK Chancellor of the Exchequer, George Osborne, announced that, from 1 April 2015, CGT will be chargeable on future gains made by non-UK residents that dispose of UK residential property. A consultation on the process will be published in early 2014. The statement provides an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility.

[LTN 237, 6/12/13]

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