Update

Non-resident CGT on UK Commercial Property - Confirmation of Relief and Exemptions for Offshore Funds and Property Unit Trusts

This briefing summarises the two new elective regimes available to offshore CIVs as they consider making the necessary elections in the run-up to 6 April 2019, and the helpful expansion of the UK REIT exemption, and provides guidance to investors, managers (including managing trustees) and administrators of such structures on next steps and actions to be considered.