Non-resident UK companies will be charged corporation tax on property income

By in

The HMRC in the UK have announced plans to extend its corporation tax to include income from any UK real estate earned by non-resident companies, even where they do not have a UK permanent establishment. In a consultation document published on March 20th of this year, the UK’s tax authority explains that the new regulations will only apply to those presently within the charge to income tax on UK sourced income or non-resident Capital Gains Tax. The deadline for responses is June 9th later this year.