Treasury & Capital Markets /
Viewpoint
Navigating new UK tax regulations for non-UK property owners - Part 2
I have previously outlined some of the key taxation changes that came into effect starting in 2012 in relation to UK residential properties valued at over £2 million. These measures include the rise of stamp duty land tax for corporations, introduction of annual tax on enveloped dwellings for corporations and capital gains tax (CGT) upon the sales of properties for non-UK, non-natural property owners. The subsequent tax revenue received since these changes were implemented was larger than expected, which suggests that there are still many people using corporate vehicles to hold UK residential properties despite these taxation changes
Brendan Harper
5 Nov 2015
With all these changes, it may mean that UK residential property investments will become more complex in future. We will discuss other forms of ownership as well as some of the actions that we can take to minimize the impact for non-UK residents next week.
