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SI 2021/213 UK Property Rich Collective Investment Vehicles (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2021

Published on: 21 April 2021
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Specialist Tax Statutory Instruments

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Article summary

SI 2021/213: Provisions are made to amend legislation concerning the tax treatment of capital gains arising on disposals of interests in UK land by non-UK residents. Specifically, they amend rules relating to ‘UK property rich’ collective investment vehicles (CIVs) and their investors. These amendments address issues raised following implementation of the legislation, and correct minor errors in England, Northern Ireland, Scotland and Wales. These Regulations come into force on 24 March 2021.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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