Since April 2012 we have seen increased Government focus on revenue raising from owners of UK situated properties both commercial and residential. Whether the property is owned outright or through a limited company by UK resident or non-resident individuals these changes will affect how much tax is paid and when.
A number of the measures introduced are now law, some are transitioning into law and some are proposed to be law by 2020. Budget 2018 alone introduced seven separate proposed measures which could affect property owners.
Therefore by 2020 the tax landscape will have changed significantly from that in place back in 2012 with additional tax being payable by the unwary. The time is right therefore to consider the effects of these changes and how they can be mitigated.