UK: Registration requirements for non-resident property investors

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HMRC has published guidance clarifying the registration requirements to be imposed on non-UK resident corporate investors making a direct or indirect disposal of UK commercial property. As of this week, most such investors must pay UK corporation tax on capital gains from direct or indirect sales of UK commercial real estate, and need to register for UK corporation tax within three months of the sale. Even if no sale occurs, they will have to register by 6 April 2020, when they become liable to tax on income from UK property, as well as capital gains tax