Annual Tax on Enveloped Dwellings (ATED)

22 March 2013 Taxation of High Value Residential Property The Budget on 20th March 2013 did not include any significant changes to the new tax charges in respect of UK residential properties worth more than £2 m, with the exception of renaming the Annual Residential Property Tax (“ARPT”) to the Annual Tax on Enveloped Dwellings…

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Statutory Residence Test – Finance Bill 2013

28th March 2013 As confirmed in the 2013 Budget, a statutory residence test will be introduced with effect from 6 April 2013. Ordinary residence will also be abolished for most tax purposes from this date. How will the new residency rules affect our clients? Clients who are already resident in the UK are unlikely to…

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Budget 2013 – Tax Update

A Tax Update from Mark Davies & Associates Ltd Budget 2013 20th March 2013 Limitation of deduction of debts for IHT A surprise announcement, on which no consultation has been carried out, are the new rules which will prevent certain debts from being an allowable deduction against IHT on a person’s estate. Debts targeted under…

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Jersey Disclosure Facility (JDF) – Our Comment

Jersey Disclosure Facility – JDF Related: States of Jersey Press Release 20th March 2013 Well that didn’t take long did it? First we had the Manx Disclosure Facility (MDF) then the Guernsey Disclosure Facility (GDF) and now we have the Jersey Disclosure Facility (JDF). Perhaps we should refer to them collectively as the Crown Dependencies Disclosure…

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