KPMG’s Private Client Update
Non-doms & UK residential property –
further update Budget 2012
HM Treasury released the much awaited consultation document on ‘’Ensuring the fair taxation of residential property transactions’’ in late May 2012. It contains fundamental changes for anyone who holds UK residential property through offshore structures or anyone who is looking to acquire such property. The big question being asked by our clients is should anything be done now?
KPMG in the UK are actively participating in the consultation process and will respond fully to the consultation document. If you have any questions you would like us to put to the Treasury as part of the consultation, or should you wish to discuss these matters generally, please speak with your usual KPMG contact or one of the people named in the attached flyer.