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If you are resident in the UK and you inherit a property overseas, you are liable to tax on any income you receive from it, for example, rental income. If you have a property overseas and sell it, you are liable to CGT on the gains. The rate you pay depends on your other UK-taxable … Continue reading
The Register of Overseas Entities came into force in the UK on 1 August 2022 through the new Economic Crime (Transparency and Enforcement) Act 2022. Overseas entities who want to buy, sell or transfer property or land in the UK, must register with Companies House and state who their registrable beneficial owners or managing officers … Continue reading
Phoenix Debola 