Our firm of award-winning tax experts specialise in assisting Dubai residents with their UK tax affairs. With our extensive knowledge and experience in both UK and Dubai tax regulations, we provide comprehensive guidance and support to ensure that our clients meet all their tax obligations in the UK.
Whether you are a UK expatriate living in Dubai or a Dubai national with UK investments or property, we understand the complexities of cross-border taxation and can offer tailored solutions to minimize your tax liabilities. Our team of dedicated professionals stays up-to-date with the latest tax laws and regulations to provide you with accurate and reliable advice.
Trust in our expertise to navigate the intricacies of UK tax legislation while living in Dubai, ensuring compliance and peace of mind. Contact us today for a free, no obligation consultation to discuss your specific tax needs and let us assist you in managing your UK tax affairs effectively.
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Capital Gains Tax Expertise: The Tax Faculty LLP Managing Partner Charles Tateson Named UK Capital Gains Tax Advisor of the Year 2023
The Finance Monthly Taxation Awards recognises the achievements of tax professionals from around the globe.
Winning such an award is no small feat. It is a reflection of hard work, extensive knowledge, and an ability to navigate the intricacies of the UK tax system.
Read more about Charles and the award here.
Professional, Award-Winning Capital Gains Tax Filing & Advice in Dubai
Welcome to Dubai Tax Experts by The Tax Faculty , your experts in Capital Gains Tax ("CGT") filing for UK residential property sales and all other UK CGT requirements. Our dedicated team, led by our Managing Partner Charles Tateson, provides tailored advice and filing services, ensuring a smooth and compliant CGT process.
As a Dubai Resident, what are my UK Capital Gains Tax reporting requirements?
Even if no tax is owed as a result of the sale of a UK residential property, residents of Dubai or the wider UAE must still report the sale to His Majesty's Revenue and Customs (HMRC) within 60 days of the sale (this 60 day time limit is from the date on which completion of the sale takes place).
Such reporting of the sale should be made using HMRC's online CGT Reporting system, though it is not uncommon for non-UK residents to be unable to register for this online filing system.
Should you be unable to register for the online CGT filing system, a paper CGT Return will be required.
We have helped many non-UK resident clients over the years in filing both online and paper CGT Returns. We are more than happy to be of assistance to you should you require such filing to be completed on the sale of a UK residential property.
Penalties: Failure to report the sale to HMRC with the 60 day time limit may result in financial penalties being charged, so prompt reporting is crucial. We guarantee to file all CGT Returns on time with HMRC for our clients once we have the information required and relevant authority to do so.
For more information, take a look at our guide: "Guide on UK Capital Gains Tax (CGT) for Dubai and UAE Residents: Selling UK Property"
Why Choose Our Capital Gains Tax Services?
Our Vast Expertise: Our in-depth knowledge of the tax regulations ensures precise CGT calculations, tailored to you.
Streamlined Process: We simplify the complexities of CGT filing, from calculating your tax liability and ensuring that your CGT liability is at the lowest level possible while complying with the legislation, to submitting your CGT returns to HMRC within the 60 day deadline for doing so.
Personalised Support: Every client receives one-on-one consultations to ensure that they understand their CGT circumstances.
Understanding Capital Gains Tax
Capital Gains Tax can be complex, especially when selling or transferring a residential property. Our services are designed to navigate these complexities, ensuring compliance and minimising your tax liabilities. We cover everything from CGT computations and rates to regulations that are specific to each of our clients.
Why might I need to pay Capital Gains Tax?
There are a number of reasons that you may need to file a CGT Return with HMRC in relation to a residential property located in the UK, including:
The sale of a UK residential property which wasn't your main residence for the entire time that you owned it.
The transfer of a residential property when assets are split during the course of a divorce or separation.
The gifting of a residential property to a family member.
The sale of a residential property that is within the estate of a deceased person for whom you are the executor of the estate.
The sale or transfer of a residential property which was inherited upon the passing of a family member or friend.
Our Capital Gains Tax Advice and Filing Process
Free, No-Obligation Initial Consultation: Discuss your property sale and tax situation with our experts.
Detailed CGT Assessment: We calculate your CGT liability, considering all applicable exemptions and reliefs to ensure that you pay as little CGT as possible while complying with the legislation.
Efficient Filing: We handle all aspects of filing your CGT return with HMRC, ensuring accuracy and timeliness.
Dubai Tax Experts
by
The Tax Faculty LLP
Call us on 0800 0016 878 for a free consultation
(Non-UK callers may need to call +44 207 101 3845 if you cannot connect to our 0800 number)
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