Julie Howard and Kyra Motley (Boodle Hatfield) consider the options for both structuring and financing the ownership of UK residential property in the face of recent greater taxation and compliance burdens.
The UK residential real estate market remains attractive to overseas investors. However navigating the UK taxation of making such an investment requires careful investigation and advance planning. Recent years have seen significant increases in the taxation of residential property in particular higher rates of SDLT for overseas buyers greater exposure to capital gains tax and inheritance tax and of course the annual tax on enveloped dwellings (ATED) which affected many existing companies holding residential property.
The introduction of HMRC’s trust registration service in 2017 has resulted in the registration of trusts holding UK real estate and this has been expanded as a result of the Fifth Anti-Money Laundering Directive to bring more...
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Julie Howard and Kyra Motley (Boodle Hatfield) consider the options for both structuring and financing the ownership of UK residential property in the face of recent greater taxation and compliance burdens.
The UK residential real estate market remains attractive to overseas investors. However navigating the UK taxation of making such an investment requires careful investigation and advance planning. Recent years have seen significant increases in the taxation of residential property in particular higher rates of SDLT for overseas buyers greater exposure to capital gains tax and inheritance tax and of course the annual tax on enveloped dwellings (ATED) which affected many existing companies holding residential property.
The introduction of HMRC’s trust registration service in 2017 has resulted in the registration of trusts holding UK real estate and this has been expanded as a result of the Fifth Anti-Money Laundering Directive to bring more...
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:
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