News & Analysis as of

Stamp Duty Land Tax

Budget Announcement to Affect Offshore Investment in UK Real Estate

by Reed Smith on

In Philip Hammond’s budget announcement on 22nd November 2017, he announced a measure which has a significant adverse impact on the UK real estate sector. In particular, it limits the future tax benefits of using an offshore...more

NSW re-opens its door to foreign developers

by Dentons on

The Berejiklian Government has introduced a Bill into the NSW Parliament which may change the way surcharge purchase duty and surcharge land tax applies to foreign developers....more

Stamp duty changes for all share transfers - including listed companies?

by Dentons on

On 10 March 2017, an urgent bill was passed, with all three readings done in a single Parliament sitting on the same day. A joint press release (the Press Release) was released on the same day by the Ministry of National...more

China Tax Newsletter - January / February 2017

by DLA Piper on

Welcome to the latest issue of our Tax Newsletter. In the past two months, there are a number of developments in the tax world in the PRC and Hong Kong. In the PRC, the State Administration for Industry and Commerce...more

New stamp duties on shares transfer – Acquisition and disposal of equity interests in residential property holding entities

by Dentons on

Purchases of residential properties in Singapore by companies attract Additional Buyer Stamp Duty (ABSD) of 15% rate in addition to usual Buyer Stamp Duty (BSD) of up to 3%. Seller Stamp Duty (SSD) is also payable if...more

Land tax win for property developers, primary production

by Dentons on

In a ground breaking win for property developers, a recent NSW Court of Appeal decision found that land held for future development but used for grazing, can be exempt from land tax....more

A Revolution in UK Housing?

by Proskauer Rose LLP on

The UK Government published its long awaited White Paper on housing, “Fixing our broken housing market”, on 7 February 2017. The paper aims to benefit would-be house buyers and occupiers – particularly “ordinary working class...more

China Tax Newsletter - September / December 2016

by DLA Piper on

Welcome to the latest issue of our Tax Newsletter. In this issue we have covered a number of developments and cases in the PRC and Hong Kong from September to December 2016 which could have legal and tax implications to your...more

Buy-to-Let Investors Turn to Commercial Property

by Dorsey & Whitney LLP on

Buy-to-let investors are increasingly turning away from residential properties, with some reports stating that the number of those jumping ship to the commercial sector has recently tripled. This shift has been spurred...more

Using corporate structures to own UK residential property – a dead end?

by Dechert LLP on

Historically, UK resident non-domiciled individuals have been able to achieve certain tax advantages through holding interests in UK residential property through offshore companies. In recent years, the UK government has...more

Further Changes Announced to the Non-Domiciles Regime

by McGuireWoods LLP on

On 19 August 2016, the UK Government published a new consultation paper together with draft legislation which will affect changes to the non-domiciles (“non-doms”) regime in the UK. The proposals will be legislated...more

Tax Newsletter - March / April 2016 (China and Hong Kong)

by DLA Piper on

Welcome to the latest issue of our Tax Newsletter. In this issue, we have covered a number of developments and cases in the PRC and Hong Kong which could impose legal and tax implications to your business. In the PRC, an...more

Remission of stamp duty on certain conveyance directions - Licensed housing developers

by Dentons on

Introduction - 1. Where a party (Vendor) enters into an agreement (Main Contract) to transfer any immovable property (Property) to another party (Initial Purchaser), and before having obtained a conveyance of the...more

"Insights: Brexit"

On June 23, the UK electorate took the historic decision to leave the European Union, a process that has never been undertaken by any member state. While the vote itself does not trigger the process of exit from a legal...more

Amid the Economic Uncertainties of the Brexit, New Challenges in Corporate Tax Structuring for UK Companies (And Their Parents,...

The June 23, 2016 “leave” Brexit vote has left many in the business and legal communities stunned, and while uncertainties abound, there is no doubt that wading through the economic and administrative complexities of exiting...more

Tax Newsletter - January / February 2016 (China & Hong Kong)

by DLA Piper on

Welcome to the latest issue of our Tax newsletter. In this issue, we have covered a number of developments and cases in the PRC and Hong Kong which could impose legal and tax implications to your business. In the PRC,...more

Stamp duty land tax reforms

by Dorsey & Whitney LLP on

Stamp duty land tax – Reform of charging provisions for non-residential property - In his Budget 2016 speech, the Chancellor announced changes to the rules for calculating the stamp duty land tax (SDLT) charged on...more

UK Budget Residential Property Alert - March 2016

by McGuireWoods LLP on

The Chancellor’s budget last week has been largely viewed as a business-friendly budget but it also contained some surprise announcements particularly for those who invest in, acquire and develop both residential and...more

UK Budget 2016: Key Implications for Financial Services

On Wednesday March 16, 2016, George Osborne delivered his eighth budget as the U.K.’s Chancellor of the Exchequer, which included a number of announcements that will be relevant to the financial services industry....more

Investment in UK Real Estate - Considerations for overseas investors

by Dentons on

There are no controls on foreign ownership or occupation of UK real estate. As a result the UK market continues to benefit from large amounts of overseas investment, attracted by its settled legal and planning system and...more

UK Tax Measures—Spring 2016 Budget

by Morgan Lewis on

The spring budget includes a number of announcements that relate to taxation, the most significant of which is a “roadmap” for UK corporate taxation through 2020....more

Stamp Duty Land Tax on Commercial Property in the United Kingdom: Rates

by Goodwin on

In more detail - The changes will affect purchases and leases of commercial properties, including mixed commercial and residential properties, with an “effective date” on or after 17th March. Two changes have been...more

What does the Spending Review and Autumn Statement mean for house-builders and developers?

by DLA Piper on

George Osborne’s Spending Review and Autumn Statement 2015 promises to double the housing budget from 2018/19 and focuses on support for low cost home ownership for first time buyers. We go behind the headlines to see what...more

2015 Autumn Statement and Spending Review Released

by Morgan Lewis on

The statement is tax light, but there is continued focus on carried interest. On 25 November, the UK Chancellor of the Exchequer George Osborne made a number of tax-related announcements in the 2015 Autumn Statement and...more

Autumn Statement 2015 - Real estate tax update

by DLA Piper on

On 25 November the Chancellor delivered the 2015 Autumn Statement. From a real estate perspective, there were a few significant announcements. Stamp duty land tax (SDLT) Additional 3% on all bands on "additional"...more

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