On 23 March 2012 we published a Client Alert on the News section of our Website reporting on the announcements made in the UK Budget.

Under the UK VAT rules, it is possible for the sale of a commercial rental property to be classified as a Transfer of a Going Concern (TOGC).

The government has had to postpone many measures that were included in Finance Bill 2017 in order to pass through the legislation in a shortened timeframe before Parliament is dissolved on 3 May.

On 14th March 2022, the Economic Crime (Transparency and Enforcement) Act became law.

Historically, non-UK domiciled individuals would often choose to hold UK real estate through an offshore company (which may, in turn, have been held by offshore trustees) in order to avoid a charge...

The NRLS is the mechanism by which HM Revenue & Customs collects the tax due on the UK rental income of non-resident landlords.

The UK Government has recently introduced legislation that has made major changes to the taxation of high value residential property.

From 6 April 2019, capital gains made by non-resident companies from disposals of all UK real estate (both residential and non-residential) are within the charge to UK Corporation Tax ("CT").

Some changes have recently been made to the CGT rules concerning divorce/separation.

Over the last few years, the Family Limited Partnership (FLP) has become an increasingly popular vehicle for asset protection and succession planning within wealthy families.

Entrepreneurs' Relief may be claimed by individuals or trustees (of interest in possession trusts only) who sell shares or securities in a trading company or dispose of the whole or part of a trading business, providing the necessary conditions are met.

Profits deriving from UK rental receipts are taxable in the UK on non-resident landlords as they derive from a UK-situs asset.

In September 2012 the UK became the first jurisdiction to sign an enhanced automatic tax information exchange agreement with the United States.

The UK tax code provides a preferential tax regime for those who are resident but non-UK domiciled. Although considerable changes have been made to the rules in recent years, it still remains a very attractive regime ...

The Government views "Freeports" as playing a crucial part in driving the UK economy post-COVID-19.

Non-domiciled UK residents should be reminded that the window of opportunity to "cleanse" mixed fund bank accounts will close on 5 April 2019.

London is home to a number of major private equity (PE) funds and many more boutique investment houses.

Reporting and Non-Reporting Funds are taxed differently in the UK so it is important for investors to understand the distinctions and the potential impact on UK tax liabilities.

From 6 April 2020, a new 30-day deadline for reporting and paying any capital gains tax (CGT) was introduced for UK residents on the disposal of UK residential property.

The Companies Act 2006 requires that certain branches of overseas companies operating in the UK must be registered with Companies House and must file certain documents. These notes provide an overview of the requirements.