FORTHCOMING CHANGE: As originally announced at Budget 2018, the government ran a consultation between 1 April and 1 June 2019 on proposals to curtail capital gains tax...
Whether a property transaction is an investment or trading (ie dealing) activity is of key importance to each of the parties to the transaction since it will dictate how...
This guide sets out the requirements for executing deeds in various international jurisdictions. The table provides a quick-reference summary of the execution formalities...
The fact that an overseas company is a seller, buyer, landlord, tenant, guarantor or mortgagee in relation to the sale or leasing of land in England and Wales does not...
This Practice Note summarises the changes to the excluded property rules from 6 April 2017 introduced by the Finance (No 2) Act 2017 (F(No 2)A 2017). Under the changes,...
An opinion letter should be obtained in respect of every transaction in Great Britain with a foreign company eg a sale or purchase, a security transaction, a...
A legal opinion should be obtained in respect of any property transaction in England and Wales entered into with an overseas company; for example, the sale or purchase of...
ARCHIVED: This Practice Note gives an overview of the non-resident capital gains tax (NRCGT) charge that applied to certain non-UK resident persons when they disposed of...
The Non-resident Landlords Scheme (NRL Scheme) requires income tax at the basic rate to be deducted from rental payments due to non-resident landlords in respect of a UK...
FORTHCOMING CHANGE relating to collective investment schemes: HMRC consulted from 17 September 2019 to 25 October 2019 on draft regulations that amend the rules for...
The charge to UK income tax applies to the profits of both a UK and overseas property business. A property business is one which generates income from land and includes...
Corporate transparency is now viewed as an essential element in any strategy aimed at reducing or eliminating corruption, tax evasion, terrorist financing and money...
This Practice Note is an overview of the issues facing non-UK domiciliaries when purchasing a home in the UK with a mortgage. The use of debt to fund home ownership has...
FORTHCOMING CHANGES: In November 2019, the government announced plans to introduce an additional 3% stamp duty land tax (SDLT) surcharge on non-UK resident buyers of...
FORTHCOMING CHANGES: At Spring Budget 2020, the government announced plans (following a consultation) to introduce (from 1 April 2021) an additional 2% stamp duty land...
FORTHCOMING CHANGES: As announced at Autumn Budget 2017 and confirmed at Budget 2018, Finance Bill 2019 will extend the scope of the UK's taxation of gains, from 6 April...
This table compares the main taxes applicable in home ownership structures and should be read with UK home ownership structures for non-UK domiciliaries—outline....