Guidance note issued by HM Revenue & Customs

HM Revenue & Customs (“HMRC”) issued a guidance note for the estate agents in Hong Kong about the main taxes which may be levied on non-residents investing in UK residential property. Licensees participating in the sale of UK residential properties are advised to read the note and notify their clients of their tax obligations described in the note. The note is not intended to place any obligation upon estate agents in Hong Kong to provide tax advice to their clients. Please click here to read the note in detail. Licensees may also notify their clients to visit the website of HMRC for any updates and information. The above information is provided by the HMRC and licensees may contact HMRC (HMRCOffice.HongKong@fco.gov.uk) for any queries.