Garry Bell, Paul Emery and Neil Lancaster presented at the PwC reforms to UK taxation seminar in Jersey on 17 December 2012. It was held to discuss the impact of the much publicised UK changes to the taxation of residential property held in offshore structures.
The UK 2012 Budget introduced a new SDLT rate of 15% for residential property over £2m purchased by non-natural persons and proposed a wide range of reforms to the taxation of residential property valued over £2m. The reforms are due to be introduced on 1 April 2013, therefore it is time to prepare ourselves for possible planning opportunities.
The presentation attached gives some highlights that were covered during the seminar. If you have any queries, please do not hesitate to contact Garry Bell, Paul Emery, Neil Lancaster or your usual PwC contact.