Drawing the strands together (again) – a guide to the new UK property tax regime

Posted by: Nick Dunnell and Russell Cohen and Holly Jones | Date posted : 28/01/2016

Over the past 4 years the UK government has:

  • introduced new taxes on high value residential property held by companies;
  • significantly increased certain taxes on UK residential property; 
  • andintroduced an extension of capital gains tax (CGT) to non-residents disposing of residential property.

More recently, the government has also published consultation documents on introducing a new 3% additional charge to stamp duty land tax (SDLT) from 1 April 2016; and bringing all UK residential property, however held, into the scope of inheritance tax (IHT) from 6 April 2017

The purpose of this briefing is to draw the strands together, again.

This briefing only considers residential property and is structured around the lifecycle of property ownership: first buying a property, then keeping it and finally selling it.  It assumes that the ultimate owner has a foreign domicile.

Please click here to read the briefing in full. 

If you require further information on anything covered in this briefing please contact Nick Dunnell (; +44 (0)20 3375 7573), Russell Cohen (; +44 (0)20 3375 7144); Holly Jones (; +44 (0)20 3375 7304) or your usual contact at the firm on +44 (0)20 3375 7000. Further information can also be found on the Tax page on our website.

This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.

© Farrer & Co LLP, January 2016