BDO PRIVATE CLIENT SERVICES | ASIA ADVISORY SERVICES GROUP 13
APRIL X Restriction of 100% of interest deductions for individual landlords to the basic rate X Non-resident corporate landlords within the scope of corporation tax on rental income X Final period of Private Residence Relief reduced to 9 months X Lettings relief (worth
TBC X Public register
introduced in March 2022 recording the beneficial ownership of UK property held by non UK entities – implementation date not yet known. X Residential property developer tax (RPDT) proposed to be
APRIL X Restriction of 75% of interest deductions for individual landlords to the basic rate X Extension of NRCGT to
all UK land. Disposal of Interest in property rich entities are also subject to CGT
APRIL X A 2% non-resident
introduced to target groups with annual
up to £11,200 of capital gains tax) will only be available in situations where the owner of the property is in shared occupancy with the tenant.
SDLT surcharge apply to non-UK residents who purchase residential property in England and Northern Ireland.
profits in excess of £25m – currently expected in April 2022.
X Non resident
corporates subject to corporation tax on gains X Removal of ATED-CGT.
X Rebasing of ATED valuations in April.
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