Michael Thomas (Pump Court Tax Chambers) looks at the rules introduced in the recent Budget intended to ensure that profits from a trade dealing in or developing UK land are always chargeable to UK corporation tax or income tax.
Matthew Shayle (Burges Salmon) answers a query on the post-April 2017 benefits of a holding structure governing the ownership of a London property lived in by a non-UK domiciled individual.
According to a recent High Court judgment, the words ‘the time the settlement was made’ are capable of describing both the making of the original settlement and the subsequent addition of property to that settlement, writes Peter Vaines (Squire Patton Boggs).
PPR and short periods of occupation
The Land and Buildings Transaction Tax (Open-ended Investment Companies) (Scotland) Regulations, SSI 2015/322, provide an exemption, by way of a claimable relief, from land and buildings transaction tax in Scotland for authorised unit trusts converting to an open-ended investment company with eff
Research from Bloomsbury Professional suggests the majority of accountants still believe that the stamp duty regime on residential properties is unfair, despite the recent ‘slab system’ reforms.
Prime Minister David Cameron announced a new crackdown on Tuesday on foreigners and offshore companies that own property in the UK to launder ‘dirty money’ by publishing their names. In a speech in Singapore, Cameron said the UK should no longer be a ‘safe haven for corrupt money’.
Deductible expenses
Barrister Anne Fairpo (Temple Tax Chambers) explains why and how the DPT could apply to real estate transactions.