Tax voice July 2016

Welcome to this month's edition of tax voice, a monthly round-up of the most important tax news.

Multinational tax reform hits SMEs

13 July 2016

Global businesses expected to be caught by the clamp down on international tax avoidance, but the changes are penetrating, affecting SMEs too.

Companies selling shares may get better tax exemptions

13 July 2016

A consultation on reforming the substantial shareholding exemption is underway. This could lead to more generous reliefs for corporate vendors.

Corporate loss relief reform

13 July 2016

Proposed changes will allow companies more flexibility in using carried forward tax losses, but will create additional complexity for many.

All change for non-doms and foreign owners of UK residential property

13 July 2016

Months after announcements of changes for non-domiciled individuals and those owning property in the UK through foreign corporate arrangements, we are not much further in understanding how these new rules will operate. This is worrying, given that they are due to come into effect from 6 April 2017.

A place in the sun

13 July 2016

Overseas residential property is more accessible than ever, but is there more to think about than location, location, location?