Chancellor of the Exchequer George Osborne delivered his Budget statement to Members of Parliament in the House of Commons on 19 March 2014. Key points arising from the Budget are as follows:
- Increase in the ATED Charge for April 2014 Immediate Extension of 15% SDLT Rate for purchases by Non-Natural PersonsExtension of the ATED Regime to properties valued at more than £1m with effect from 1 April 2015
- Extension of the ATED Regime to properties valued at more than £500,000 with effect from 1 April 2016
- The ATED Related CGT charge will be extended from 6 April 2015 to include properties worth more than £1m and not more than £2m and from 6 April 2016 to include properties worth more than £500,000 and not more than £1m
- CGT for Non-Residents owning UK Property
Read our briefing note to find out more or to contact a specialist member of our Rooks Rider Solicitors team.
