Archive: Property Tax
Opinion Former Articles
Measures on property taxation in the Budget suggest the Government are extending the reach of a package seen by many as an alternative to a mansion tax well beyond this territory.
Changes to the rates and bands of Land and Buildings Transaction Tax announced today by the Scottish Government show how the UK tax environment is becoming increasingly dynamic and competitive, with changes in Westminster and Holyrood feeding off one another, says the CIOT.
The Chancellor has announced today in the Budget that from 6 April 2017, there will be two new allowances for individuals with small amounts of property income or trading income. Each allowance will be £1,000.
The CIOT has welcomed the announcement by HMRC that institutional investors and companies with diverse ownership will be excluded from their plans for a new capital gains tax (CGT) on UK properties sold by non-residents.