Budget 2020: Real Estate
Set out below is a summary of the key changes in the Budget as they impact on the real estate sector. Generally, welcome news, with some kick-backs and disappointments.
Knowledge
Our knowledge resources reflect the breadth and depth of our expertise, our insight into the issues which matter to your business, and our understanding of the markets in which you operate.
<p>Filter Knowledge</p>
46 Results
Budget 2020: Extension of corporation tax to non-resident corporates landlords (NRCLs)
Recap
NRCLs are currently liable to income tax - not corporation tax - on net rental profits. From 6 April 2020, rental profits of NRCLs will instead become liable to corporation tax (CT), with different rates, computational rules, payment and filing requirements.
Budget 2020: What to look out for in the real estate sector
The Budget is now confirmed for 11 March. Read our briefing to find out what this means for the real estate sector.
Tax developments for non-resident investors in UK property
2020 is going to be an important year for many non-UK resident investors in UK real estate:
Real estate taxation: comparison of the manifestos
Here is a brief summary of the main taxation changes that will be relevant to the real estate sector from the main party manifestos and accompanying documents.
Taxing non-residents on UK property gains: the rules for funds
There is much for funds to be positive about in the latest draft of the rules taxing non-residents on gains from UK land. In particular, the transparency and exemption elections are included in roughly the form expected, and HMRC has clearly listened carefully to concerns raised by the industry.