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Property in companies

Annual tax charge for corporate-owned residential property - consultation

The Government has now launched its consultation on the proposed annual charge on residential properties valued over £2m owned by companies and details of the proposed extension of the capital gains tax regime to the disposal of UK residential property by non-resident companies.

The measures are part of an anti-avoidance package that is designed to create a more equal tax treatment between UK residents and non-residents.

 

 

Date: 29th June, 2012
Author: Cathy Corns

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