The 2016 Budget introduced new tax rules for dealing in UK land or developing it for resale, applying to land disposals made on or after 5 July 2016. Broadly, the rules seek to ensure profits arising from these activities, where they are not already so, are firmly within the scope of UK tax. Although the rules apply to both UK and non-UK entities, their main focus is to bring non-UK developers and land dealers within the UK tax net.
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