This note outlines the new residential property tax charges following the publication of draft legislation on 11 December 2012 and, latterly, 31 January 2013 by the UK Government. Following both publications we now have further details of all the new residential property tax charges and their respective reliefs:

..The annual residential property tax charge (ARPT), which applies to chargeable interests in residential properties owned on, or acquired after, 1 April 2013 or converted from a non-residential property after that date....