In the last decade, there have been extensive changes in UK property taxation, including ATED, SDLT, IHT, the restriction on the deductibility of finance costs and NRCGT. Recent changes have also seen non-resident corporate landlords complete their transition towards corporation tax. With such changes come new administrative requirements and technical considerations to be aware of. For those affected, planning for the future can ease the burden of UK corporation tax compliance obligations and help to better manage UK tax liabilities. Incorporation may be an appropriate choice for some but the consequences of such a step must be considered.
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In the last decade, there have been extensive changes in UK property taxation, including ATED, SDLT, IHT, the restriction on the deductibility of finance costs and NRCGT. Recent changes have also seen non-resident corporate landlords complete their transition towards corporation tax. With such changes come new administrative requirements and technical considerations to be aware of. For those affected, planning for the future can ease the burden of UK corporation tax compliance obligations and help to better manage UK tax liabilities. Incorporation may be an appropriate choice for some but the consequences of such a step must be considered.
If you are not a subscriber, subscribe now to read this content.
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