UK Budget 2020: Impact for Switzerland?

On 11 March 2020, the UK Chancellor delivered his first Budget of the post-Brexit era. Important tax changes were anticipated, but did not really materialize. We discuss the announced UK tax changes – and the potential impact for Switzerland.

UK capital gains tax expanded to non-UK residents

From April 2019, non-UK residents will be subject to UK tax on gains arising from direct or indirect disposals of all types of UK land & real estate, and interests in UK property holding entities.