Charles Beer Tax Partner KPMG comments on the property aspects of the Pre-Budget Report
On the property front the Pre-Budget Report was more notable for its omissions than its content. There were no changes to stamp duty or stamp duty land tax no further progress on the introduction of Property Investment Funds and no major assault on property tax avoidance schemes. As well as more general measures which might also affect property businesses there were some helpful consultations on VAT and capital allowances in disadvantaged areas and an important indication of things to come in the further consultation on reform of corporation tax.
REITs
The Chancellor announced that no legislation would...
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Charles Beer Tax Partner KPMG comments on the property aspects of the Pre-Budget Report
On the property front the Pre-Budget Report was more notable for its omissions than its content. There were no changes to stamp duty or stamp duty land tax no further progress on the introduction of Property Investment Funds and no major assault on property tax avoidance schemes. As well as more general measures which might also affect property businesses there were some helpful consultations on VAT and capital allowances in disadvantaged areas and an important indication of things to come in the further consultation on reform of corporation tax.
REITs
The Chancellor announced that no legislation would...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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