Osborne's property tax changes are just the beginning
In recent years, those in the property industry have awaited set piece speeches from the Chancellor with a certain amount of trepidation given the taxation rabbits that are very often pulled out of the hat.
This Autumn Statement was no different heralding significant changes to both stamp duty land tax (SDLT), which is the key transaction tax payable on purchase, and the annual tax on enveloped dwellings (ATED), which is a tax payable in some circumstances on residential property held by 'non-natural' persons, largely companies.
To read Edward Burton's views in full go to Spear's Wealth Management Magazine.
Related in brief posts
In a bid for ever-increasing transparency, the UK government intends to continue the trend with the introduction of a further beneficial ownership register.
Sarah Conway wins Chambers HNW Residential Property lawyer of the Year
Fiona Poole shares her Budget analysis with LexisNexis