Category Archives: Autumn Statement 2015

Further to Graham Chase’s blog on Budget Day on the additional 3% SDLT on second homes and other “additional” residential property, Warren Gordon has written a detailed account of the changes, the recently published guidance and the practical implications and it can be found on our website here. It includes a link to the guidance and to … Continue reading SDLT additional 3% rate: more information now on our website

Changes to the tax treatment of carried interest (to the detriment of fund managers) are becoming a regular feature of Finance Acts. Yesterday’s draft Finance Bill clauses will continue the trend by implementing last July’s proposals to tax some carried interest and other performance incentives as trading income where the fund does not hold its … Continue reading HMRC v. Carried Interest: Round 3

SDLT From 1 April 2016, a 3% higher rate of SDLT will apply to purchases of “additional residential properties”. This charge is aimed at those buying residential property for buy-to-let or as second homes. The government states that “some” of the additional tax collected will be used to provide £60 million for communities in England … Continue reading Autumn Statement 2015 – Residential property changes

The 2015 Autumn Statement is notable for the lack of significant tax measures. The main tax announcements related to residential property (see our separate blog post). A consultation on the company distribution rules will be published later this year. The government will go ahead with changes to tax as income asset managers’ performance incentives unless … Continue reading Autumn Statement 2015