Finance Bill 2013: Taxation of high value residential property — Impact for businesses
The draft Finance Bill published last week includes a number of provisions and changes in respect of the taxation of residential properties valued over £2 million (so called “high value” residential properties) which are acquired and owned by companies and certain other nonnatural persons.
These changes, which will generally take effect from either 1 April 2013 or Royal Assent to the Finance Act 2013 (typically given during the Summer) build upon the proposals announced in the Budget 2012 and consulted upon in the months thereafter.
The draft legislation includes provisions implementing the new annual charge for high value residential properties held by companies and other non-natural persons, the annual residential property tax…
If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
Taylor Wessing has published its Radar: Technology & Communications Update for December 2013. This section focuses on communications.
Taylor Wessing has published its Radar: Technology & Communications Update for December 2013. This section focuses on apps.
Analysis from The Lawyer
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world
Financial disputes are starting to dominate the English courts as the long-awaited fallout from the downturn finally comes to town