Taxation of Chargeable Gains Act 1992 section 57B

Gains and losses on non-resident CGT disposals

Section 57B provides the framework for how gains and losses are calculated when non-UK residents make disposals that are subject to capital gains tax on UK property.

• This section applies to disposals of UK property interests made by non-UK residents.
• It introduces Schedule 4ZZB, which contains the detailed computational rules for working out gains and losses on non-resident CGT disposals.
• The rules have been in effect for disposals made on or after 6 April 2015, having been originally introduced by the Finance Act 2015.
• The provision was subsequently amended by the Finance Act 2019 to reflect the broadening of the non-resident CGT regime beyond residential property.