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12 June 2012
Consultation on Budget measures
The Treasury has published the consultation document Ensuring the fair taxation of residential property transactions.
It addresses the use of corporate and other envelopes to buy high value residential property, and covers the Budget announcements on an annual charge on residential properties valued over £2m owned by certain ‘non-natural’ persons such as companies and collective investment schemes, as well as setting out details of the proposed extension of capital gains tax to the disposal by non-resident, non-natural persons of residential property.
Responses should be submitted by email no later than 23 August.
