The emergency Budget was always going to cause pain and real estate investors like everyone else were keen to avoid more than their fair share of this. By and large the tax rises announced so far have been less cutting for many in the industry than had feared. However the impact of the swingeing public sector cuts on landlords and any further changes to come from the announced programme of reform of corporation tax to be set out in the Autumn cannot yet be assessed.
The following is a summary of the tax measures that were relevant to property owners:
Corporation tax
Decrease in corporation tax rates: the Conservatives had long spoken about their intention to cut the headline corporation tax rate in order to make the UK more competitive. The Chancellor announced a progressive reduction in the main...
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The emergency Budget was always going to cause pain and real estate investors like everyone else were keen to avoid more than their fair share of this. By and large the tax rises announced so far have been less cutting for many in the industry than had feared. However the impact of the swingeing public sector cuts on landlords and any further changes to come from the announced programme of reform of corporation tax to be set out in the Autumn cannot yet be assessed.
The following is a summary of the tax measures that were relevant to property owners:
Corporation tax
Decrease in corporation tax rates: the Conservatives had long spoken about their intention to cut the headline corporation tax rate in order to make the UK more competitive. The Chancellor announced a progressive reduction in the main...
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:
