This month has seen the Summer Budget with property continuing to be a hot topic with the Chancellor. This time, it was clearly the Buy-To-Let Landlords and Non-Doms owning their UK residential properties through overseas companies that were under his gaze. We consider the main changes affecting property in further detail within the newsletter.
There were also a couple of interesting tax cases this month affecting the tax treatment of properties, in particular the VAT tribunal ruling on York Properties and the First- tier Tribunal decision in Hardy relating to the capital gains treatment for forfeited deposits.
If you would like to discuss any of your property tax queries, contact Caroline Fleet on 0845 4900 509 or email email@example.com.