Finance Bill 2013 – Residential Property Tax

14th December 2012 Taxation of High Value Residential Property The Budget on 22 March 2012 included 3 announcements relating to UK residential properties worth more than £2m. 1. Increased SDLT rates with immediate effect. 2. A proposal for an “Annual Charge” on “high value” properties held by “non-natural persons”, now referred to as the Annual Residential…