Autumn Budget 2024: key points at a glance: The UK Budget is that occasion each year (and sometimes twice in a year) when the UK government outlines the extra money it needs and how it is going to spend it. Changes to the tax rules are what interest us here. The Budget of 30th October […]
Category: Company
ATED: Valuation date
First published 27th March 2017; Updated 15th November 2018 / April 2023 Residential property owned by a company is potentially subject to Annual Tax on Enveloped Dwellings where the value on the valuation dates is more than £500,000 Relief from Annual Tax on Enveloped Dwellings (ATED) may be available if the use of the property […]
Register of Overseas Entities for non-resident companies
Published 9th August 2022 Register of Overseas Entities: new laws have been enacted that impact directly on non-resident companies holding UK property New laws have been enacted that impact directly on non-UK companies holding UK property For many years the UK Government has been concerned about the UK property market being used to conceal proceeds […]
UK tax compliance to get more complicated for some non-resident companies
Published 25th September 2018; Updated 15th November 2018 / April 2021 The content of this newsletter applies to non-UK companies holding UK investment property and which derive most or all of their UK income from the property. With effect from April 2020 all non-resident UK property rich companies have been subject to the full UK […]