After months of waiting, we have some really positive news on NRCGT.
HMRC has published a consultation on draft regulations to amend the non-resident capital gains rules, specifically to address instances where disproportionate burdens can arise for certain investors introducing a 10% portfolio exemption for non-resident life companies and non UK resident, non-UK property rich CIVs, with retrospective effect from April 2019. As you are all aware, the Investment Association and AREF have been lobbying extensively for this exemption for over a year and this is a really positive outcome.
The consultation closed on 16 December - you can view the joint response from The Investment Association and AREF here.