Update // June 2012
We attach an explanatory note following the publication of
the UK consultation on the taxation of residential
property.
While the proposed changes for the
most part remain subject to consultation, it is highly likely that
the proposals will be introduced in
2013.
You need to take action now to review
your property portfolios in order to identify any
residential property that might be worth over £2 million. You
should also consider any properties that are just below this
threshold (or potentially likely to exceed this threshold in the
near future).
With our expertise in corporate,
fiduciary and UK property law, Collas Crill are uniquely placed to
assist you with property structuring - so please don't
hesitate to contact us.
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