Mark Davies & Associates Ltd is collaborating with Andersen Global in the United Kingdom.
22 March 2013 The extension to CGT is the second prong to the Chancellor’s attack on what HM Treasury felt was unacceptable SDLT avoidance using companies to hold residential properties. The first prong of course was the Annual Charge (now renamed the Annual Tax on Enveloped Dwellings or “ATED”). Much has been written on the…
Details22 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…
Details28th 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…
DetailsA 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…
DetailsJersey 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…
DetailsGuernsey Tax Highlights Why Guernsey? Aside from the tax advantages (more of which later), there are many reasons to move to Guernsey. Located just off the northern coast of France, the Island enjoys a beautiful climate with long summers and short winters; perfect for enjoying the many golden beaches. The Island is also well known…
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