The new annual tax on residential property (ARPT) will be charged inUKon1 April 2013. It will be distributed to the objects worth more than £ 2 million, which belong to certain entities (NNPs).
The tax will be £ 15 000 on property worth 2-2,5 million pounds, £ 35 000 - housing costs 5-10 million pounds. £ 70 000 will have to pay the legal entity that owns real estate in the amount of 10-20 million pounds. New tax will hit hardly the wallet owner cost over 20 million pounds. He will pay £ 140 000.
Thus, the British government will fight against tax evasion. In addition to tax ARPT, there is a 15% stamp duty land tax (SDLT). But you have ability to avoid high taxes. Residential real estate, which is rented, will be subject to only 7% SDLT and released from ARPT.
Changes in taxation will bring large income to the treasury in 2013. According to Strutt & Parker, only four ofLondoncan collect taxes in the amount of 656 million pounds per year.