All posts by Nick Burt, Tax Partner, CMS

There was very little ‘new’ information announced in today’s Spring Budget relevant to the real estate industry. Although we did receive confirmation of certain anticipated measures. Offshore Developer Rules Strengthened 2016 saw the introduction of rules which extended the scope of UK tax to non-residents trading or developing UK land. These rules were introduced to … Continue reading SPRING BUDGET PROPERTY TAX UPDATE

There were very limited property specific tax measures introduced in the Autumn Statement.  However, wider changes around interest deductibility, losses, the taxation of non-residents and the substantial shareholding exemption will have a major effect on the industry. Interest expenses As expected the government will limit interest deductions from April next year.  The proposals broadly follow the OECD recommendations with a … Continue reading Property briefing