Controversial UK Finance Bill Drafted for 2019 Implementation

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The UK government just passed a draft bill that if passed, will make the net for capital gains tax (CGT) a lot wider. Many officials are speaking about the controversial move to include all types of property disposals in the UK going forward.

The UK Finance Bill 2019 contains an article specifically for bringing non-UK residents and all kinds of property disposals, from April 2019. Already there have been a number of anti-avoidance and anti-forestalling rules being made to counter the preparations seeking to evade the new regulation.