Charles Beer Head of Real Estate Tax at KPMG looks at the key issues in the Budget relating to property
This Budget was probably not a good Budget for property investors. The changes in the corporation tax and income tax regimes are unlikely to be beneficial overall. However there was some good news in the potential changes to authorised investment fund taxation and also the consultation on land remediation relief.
Rates of tax and capital allowances
The reductions next year of the corporation tax rate to 28% and the basic rate of income tax to 20% are potentially good news for all taxpayers. In the property sector companies which are not REITs will be paying tax...
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Charles Beer Head of Real Estate Tax at KPMG looks at the key issues in the Budget relating to property
This Budget was probably not a good Budget for property investors. The changes in the corporation tax and income tax regimes are unlikely to be beneficial overall. However there was some good news in the potential changes to authorised investment fund taxation and also the consultation on land remediation relief.
Rates of tax and capital allowances
The reductions next year of the corporation tax rate to 28% and the basic rate of income tax to 20% are potentially good news for all taxpayers. In the property sector companies which are not REITs will be paying tax...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
