Draft Finance Bill 2013: Implications for high-value UK residential property
The publication last month of the draft clauses to be included in the Finance Bill 2013 due to come into force this April confirmed the measures proposed for the taxation of high value residential property in the 2012 Budget.
The new measures include: proposed relief from the 15% Stamp Duty Land Tax (SDLT) rate for genuine commercial landlords, property developers and certain other properties, to come into effect from July 2013;an Annual Residential Property Tax (ARPT) for certain non-natural persons (namely companies, partnerships with company members and collective investment schemes) that own high-value residential property; a new 28% Capital Gains Tax charge for non-resident, non-natural persons who own property valued at over £2 million; changes to the SDLT rules on transfers of rights (i.e. sub-sales) and certain lease arrangements…
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.
Click on the link above to download the briefing.
News from Goodman Derrick
News from The Lawyer
Briefings from Goodman Derrick
The introduction of compulsory pre-tribunal claim conciliation and forthcoming changes to the transfer of undertakings regulation
This year saw a raft of changes to employment law being introduced by the coalition government and 2014 will be no different.
In Société des Produits Nestlé SA v Cadbury UK Ltd, the Court of Appeal gave careful consideration to the application of Article 2 of the Trade Marks Directive 2008/95/EC.
Analysis from The Lawyer
You don’t have to be a big firm to innovate and thrive in a downturn, as our look at the lower half of the UK 200 shows. We pick 10 inspiring stories
Our latest in-depth analysis of UK M&A legal bills reveals a good performance by smaller firms and success fees on the rise