Brexit Tax Implications
On 23 June 2016 the majority of voters in the Referendum opted for the UK to leave the EU. Read what Brexit Tax Implications there may be for the future.
2014 Autumn Statement
2014 Autumn Statement Today’s Autumn Statement introduced a number of interesting changes and proposals including a long overdue review of Stamp Duty Land Tax (SDLT). From 4 December 2014, the old system of SDLT, applying one flat rate to the total value of a property, determined by reference to property value, will be replaced by […]Read more
Charging Capital Gains Tax on Non-UK Residents & UK Property
Non-UK Residents and UK Property Tax HMRC has published a consultation on the proposal that Capital Gains Tax will apply to non-residents for UK residential properties. It is proposed that these rules will come into play from April 2015. The consultation period is open until 20 June 2014. Whilst the main proposal to tax non-residents […]Read more
Spring Budget 2014
The Chancellor made his Budget Statement on 19 March 2014 and announced changes to Personal Tax, Pension, Business Tax, Property, and Employment.
Annual Tax Enveloped Dwellings (‘ATED’)
Residential Properties: Annual Tax Enveloped Dwellings (‘ATED’) From 1 April 2013, high-value residential properties owned through Limited Companies have been subjected to the ATED. Under transitional provisions, the first ATED Return covering the year from 1 April 2013 needed to be completed by 1 October 2013 and the liability paid by 31 October 2013. For […]Read more
Non-Resident Property Owners
Non-Resident Property Owners Reports in the media suggest that George Osborne will be announcing on 5 December 2013 during his pre-budget speech, changes to the rules on selling a property by non-resident property owners and individuals. The proposal appears to be a gesture designed to placate part of the coalition who have been seeking a […]Read more
Stamp Duty Land Tax
Stamp Duty Land Tax It is well known that HMRC are looking at ways to increase the tax paid on residential properties that are worth over £2 million and which are owned by non-natural persons. Broadly speaking, a non-natural person is a company or a partnership with a company as a partner. HMRC have already […]Read more
Stamp Duty Land Tax
Stamp Duty Land Tax Her Majesty’s Revenue & Customs (HMRC) have over a number of years, been looking at the various Stamp Duty Land Tax (SDLT) avoidance schemes and measures have been introduced to prevent such schemes from operating “under the radar”. Certain schemes avoided being notified to HMRC under the disclosure of tax avoidance schemes […]Read more