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Where Taxpayers and Advisers Meet

CGT on Chinese residential property

simpsonite
Posts: 96
Joined: Wed Jun 24, 2009 11:58 am

CGT on Chinese residential property

Postby simpsonite » Mon Oct 01, 2018 1:11 pm

Hi all,
My Chinese client who is UK resident for tax purposes has sold her parents Chinese residential property to the Chinese authorities. She has confirmed that no Chinese tax was due because of the compulsory nature of the disposal.
She will therefore be liable to UK CGT on this disposal.
I am wondering if the rates of tax would be same as for UK residential properties at 18% & 28%

Thoughts appreciated.
Thanks
Simpsonite

AGoodman
Posts: 805
Joined: Fri May 16, 2014 3:47 pm

Re: CGT on Chinese residential property

Postby AGoodman » Mon Oct 01, 2018 2:31 pm

Yes, it's 18/28% for all residential property irrespective of geography.


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