Mark Davies & Associates Ltd is collaborating with Andersen Global in the United Kingdom.
5th December 2013 This is an autumn statement with very few big surprises. The Government has little spare cash to give away and many of the tax changes have already been announced. Here is our synopsis of the most significant tax changes for our non-dom clients and their service providers. Personal Tax As promised in…
DetailsToday we will be publishing our response to the Chancellor’s Autumn Statement and news on how our clients may be affected.
There is an extraordinary anomaly when it comes to the taxation of capital gains on UK property. This is because foreign investors are not subject to Capital Gains Tax at all, while UK resident individuals are. At first glance this seems unfair, and there have been recent articles in the press which suggest that George…
DetailsIn the current climate, being tax compliant is very much “on trend”. This fits perfectly with HMRC’s natural desire to collect the correct amount of tax and so give them the moral justification to enquire into a taxpayer’s returns. Certainly, no one wants to be found to be on the wrong side. But are HM…
DetailsTaxation of High Value Residential Property The Budget on 22nd March 2013 proposed a new annual charge and an extension of Capital Gains Tax to certain ‘non-natural persons’ owning residential property with a value in excess of £2 million, alongside an increase in the stamp duty land tax (“SDLT”) rates. Finance Act 2013 was granted…
DetailsAre you or any of your clients buying a UK residential property via a non-natural person (e.g. trust or a company etc) for £2m plus? If so be aware that from 1st October 2013 an ATED return and any tax due must be submitted and paid within 30 days of the date of acquisition. Those undeterred…
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