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Reforms to the Taxation of UK Residential Property

The 2015 “Summer Budget” (8 July 2015) heralded the announcement of fundamental changes to the
taxation of non-UK domiciliaries with effect from 6 April 2017.

The proposed new rules follow a number of changes to the way in which UK residential property is exposed to UK tax that have been introduced over the past few years, including the Annual Tax on Enveloped Dwellings (ATED) and the higher flat rate of Stamp Duty Land Tax (SDLT) for corporates purchasing residential property. 

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