The government has announced the following changes with the intention to curb the price rise in the housing market.
The key points in each of the above proposals are:
Bright line test
Other non-tax measures
Potential economic impact
To avoid making forced errors, we strongly recommend that you contact your tax advisor at Core Business Services Ltd around the tax consequences to your individual property once the final legislation is enacted.
We will keep you appraised as new information comes to light.
The above publication discusses income tax issues generally and is not intended to be specific tax advice. Whilst every effort has been made to provide valuable, useful information, Core Business Services Ltd, any related suppliers, associated companies & practices accept no responsibility or any form of liability from reliance upon or the use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only. Please do consult with your tax advisor or call this firm for information / advise specific to your circumstances before finalising any particular course of action.