The passage of the Finance Bill 2016 saw some rather late anti-avoidance legislation to tackle the development of, and/or trade in, UK land or property via offshore entities.
While this would not generally worry most buy-to-let (BTL) landlords, the legislation was deliberately wide in scope – so much so that the Law Society saw fit to step in and challenge the government on its intentions in relation to UK property investors.
Were they right to be alarmed?
In the January issue to ‘Property Tax Insider’, Lee Sharpe looks at whether or not landlords should be concerned following the late introduction of some wide-ranging legislation on transactions in UK land in Finance Act 2016.
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