Turbulent seas

Robert Pullen and Denise Yau provide an update on recent developments affecting the taxation of UK property

Following a raft of successive piecemeal changes to the Capital Gains Tax (‘CGT’) regime over the years (see the article Over Baked in the May 2017 issue of Tax Adviser), TCGA 1992 Part 1 has finally been rewritten in an attempt to rationalise the provisions, as well as introduce the new rules which were included in Finance Act 2019.