Autumn Statement 2013
By Lara Murrell
Chancellor George Osborne delivered his Autumn Statement on 5 December 2013. While some of the policies had already been widely predicted, there were some surprises in the package announced. We set out a summary of the key policies that were announced:
As predicted, the chancellor introduced a Capital Gains Tax (CGT) charge on future gains for foreign owners of residential property in the UK from April 2015. The tax will be applicable on gains post 5 April 2015. It is not clear whether this charge is intended to apply solely to individuals or extend to companies and other non-natural persons as the latter are subject to the annual charge on UK property following the introduction of the Annual Tax on Enveloped Dwellings from 6 April 2013.
Clarity on these points will, we hope, be addressed through the consultation on how best to introduce the new CGT charge to be published in early 2014…
If you are registered and logged in to the site, click on the link below to read the rest of the Goodman Derrick briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Goodman Derrick
Briefings from Goodman Derrick
The extent to which hirers have to provide the ‘same opportunity’ was the subject of the case Coles v Ministry of Defence.
Some pointers on dealing with payments of tips and gratuities in the restaurant industry from an employment law perspective.
Analysis from The Lawyer
Active financial management is vital, but with firms looking more closely at the process of debt and fee collection, the personal touch still counts
The lure of the law can kick in at any stage of life. We speak to four individuals who have made a radical switch to a legal career