From 6 April 2020, UK resident taxpayers will be required to submit a ‘UK land return’, reporting gains from the sale of any UK residential property to HMRC, as opposed to simply reporting the transactions on their UK income tax return as in previous years. The UK land return is due to be filed within […]

The 2012 Budget saw the introduction of the new Stamp Duty Land Tax (SDLT) charge of 15% (effective from 21 March 2012) where a property is purchased by a ‘non-natural’ person (such as a company, collective investment scheme and partnerships with a corporate partner) and the value of the property exceeds £2 million. Further, HMRC […]