Archive for Tag: Tax

March 2013

Company Ownership and ARPT “There is no such thing as a good tax” These wise words were spoken by Winston Churchill and I thought it an apt quote as HM Revenue & Customs send out letters to companies owning property, alerting them to possible ARPT charges (annual residential property tax) from April 1st. Market Update […]

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Does your Mayfair property need to be valued now

The 2012 Spring Budget was “cobbled together” with hast and little thought and has wide ranging property tax measures for anyone who currently owns a residential property worth over £2 million through a company. If you recognise any of the acronyms or phrases overleaf then you probably need an up to date valuation of your […]

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HMRC Fair Taxation Consultation

As Mayfair property Aficionados I thought visitors to might be interested in seeing the H M Treasury document on their proposals for a “Mansion Tax” for off shore companies owning property in excess of £2M. There are various professional bodies that are currently lobbying government on their ill thought out proposals. (To view the […]

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April 2012

BUDGET UPDATE ONE MONTH ON Mayfair Market up 15% despite 2% SDLT Hike The main property issue of the Budget on the 21st March 2012 was the effect on the market by the raising of SDLT from 5% to 7% on properties over £2M. I have kept our April report to the end of the […]

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Budget 2012 – Update

Proposals for Annual Levy for Off-Shore Companies owning Residential Property Here is the update on what the Government and HMRC intends to annually charge off-shore companies holding residential assets in UK If they now put the property in their own name they would trigger 7% SDLT charge creating a one off windfall tax which is […]

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