Yesterday, 30 October 2024, the Chancellor announced that the Autumn 2024 budget will raise taxes by £40bn, the biggest raise since 1993. While the Autumn budget arguably does not portray as pessimistic an outlook for...more
11/1/2024
/ Autumn Statement ,
Budgets ,
Business Taxes ,
Capital Gains ,
Capital Gains Tax ,
Carried Interest ,
Carried Interest Tax Rates ,
Corporate Taxes ,
Inheritance ,
Inheritance Tax ,
Stamp Duty Land Tax ,
Tax Rates ,
UK
The real estate sector was not ignored by Budget announcements today. There were no seismic changes – the changes announced were less impactful than the speculation in the weeks preceding the Budget....more
10/31/2024
/ Autumn Statement ,
Budgets ,
Business Taxes ,
Capital Gains ,
Capital Gains Tax ,
Carried Interest ,
Carried Interest Tax Rates ,
Consultation ,
Corporate Taxes ,
Investment Funds ,
Residential Property Owners ,
Stamp Duty Land Tax ,
Tax Rates ,
UK
Unexpectedly, it is likely the changes to the Luxembourg-UK double tax treaty will not be effective until 2024 at the earliest. Where that is the case, some Luxembourg investors in UK property rich entities will have another...more
The UK and Luxembourg have renegotiated their double tax treaty. The new treaty has been published, but is not yet in force. Significant changes have been made to the capital gains tax article amongst other provisions....more
It was a relatively light Budget for the real estate sector. Highlights included the long-awaited announcement of the rate of the residential property developer tax and some reform of business rates....more
10/28/2021
/ Autumn Statement ,
Business Taxes ,
Capital Gains ,
Consultation ,
Investment Funds ,
Popular ,
Property Owners ,
Property Tax ,
Real Estate Development ,
REIT ,
Residential Property Owners ,
Stamp Duty Land Tax ,
Tax Rates ,
UK ,
Value-Added Tax (VAT)