Glossary · UK
What is Non-Resident Capital Gains Tax (NRCGT)?
CGT payable by non-UK residents on gains from UK property disposals, with a mandatory 60-day reporting deadline.
Full Definition
Non-residents have been subject to UK Capital Gains Tax on direct disposals of UK residential property since April 2015, extended to commercial property and indirect disposals (e.g. through companies) from April 2019. For 2026/27 the applicable CGT rates on UK residential property are 18% (basic rate) or 24% (higher rate). Crucially, a non-resident must report the disposal and pay any CGT due within 60 days of completion using HMRC's Capital Gains Tax UK property account -- this applies even if no tax is due after reliefs. Failure to report within 60 days triggers an automatic £100 late-filing penalty. The base cost for residential property is rebased to the April 2015 market value for properties owned before that date, or April 2019 for commercial property.