Director of Finance Online: Significant CGT changes affecting UK residents hidden in government plans to tax non residents. In responding to HM Revenue & Customs’ (HMRC’s) plans to extend capital gains tax (CGT) to non-residents in certain circumstances, the Chartered Institute of Taxation (CIOT) has voiced concern over the proposed withdrawal of the principal residence election for all taxpayers.
Full story: http://dofonline.co.uk/index.php/tax/12177-capital-gains-tax-changes-ciot-45345?