The Tax Knowledge Centre by ETC Tax – Specialist Tax Advice & Financial Tax Related Matters – All the info you could need in one place…
The UK property market remains a popular hub for both UK and non-UK based entrepreneurs and investors. However, it also provides a substantial income stream for the UK government. Property tax provides a substantial income stream for the UK government.
With so much focus on the property market, the tax rules remain ever shifting as the market develops and to incentivise certain behaviours. It has become a hugely complex area of tax with the factors determining your tax position ranging from the residency of the individual, the type and nature of the property and the structure used to hold and enter into property transaction.
With that in mind, individuals and businesses need to regularly review their position and strategies in order to navigate the property tax regime and maximise opportunities where possible. Tax is a significant expense in any property transaction and ensuring you plan and review your position can change the economics of any property-related activity. This applies across the board for both UK and non-UK residents who are involved in any form of property-related activity in the UK.
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