Britain and Mauritius have signed a Protocol to their existing Double Tax Avoidance Treaty which clarifies the right of either country to impose capital gains taxes, income taxes or corporation taxes on gains established on the alienation (ie the disposal) of property owned by a person who is (or has been during the previous six years) a resident.
Subject to normal ratification , the new provisions will come into force as regards UK taxation from 1st April 2003, and as regards Mauritian taxation as from 1st July 2003.
The new rule brings the tax regime between the UK and Mauritius into conformity with what has been the rule in the UK for some years now: UK residents who become non-resident remain subject to taxation on the disposal of UK assets for five years after their departure from the jurisdiction.
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