Online Update: Main points
1.4: Add references to provisions inserted or changed by FA 2019.
1.5: Amended scope of NRCGT as it applies from 6 April 2019
5.02: FA2019 extends NRCGT to all UK land disposals from April 2019.
5.71: HMRC issue updated guidance on voluntary disclosure.
5.72: FA2019 legislates for extended time limits for offshore non deliberate behaviour
9.1: End date added for ATED-related gains and NRCGT, added reference to new NRCGT rules.
10.19: Non-resident CGT expanded to cover new NRCGT charge effective from 6 April 2019 to cover all UK land held directly or indirectly.
10.22: Note the abolition of ATED-related gains from 6 April 2019
11.20: Periods of absence and deemed occupation clarified. Cross reference to NRCGT added.
11.25: Clarify the form of the nomination of a property as a main residence.
12.1: Brief summary of four changes introduced by FA 2019.
12.9: Refer to new tracing rule on the disposal of newly acquire shares.
12.10: Set out the two alternative economic interest tests and the basis of valuation for shares for the purpose of those tests. Detail of the equity dilution elections added including the valuation issues and the deadline for making the elections.
12.22: Description of new rule to look through an incorporation to the period of business ownership prior to incorporation, where shares acquired on that incorporation are sold.
12.34: Focus point added about election under TCGA 1992, s 169R.
15.13: Amend comments on look-through for the qualifying period for entrepreneurs’ relief on the sale of shares shortly after an incorporation.