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Tax Liability Residential Property Owners

Bennett Jones LLP

British Columbia Introduces the Flipping Tax—What is it and Why Should You be Aware?

Bennett Jones LLP on

What is the Flipping Tax and Why is it Important? The B.C. government announced in its 2024 budget a plan to introduce a tax (the Flipping Tax) on income earned from the sale of a property within 730 days of acquisition....more

BCLP

New UK Residential Property Developer Tax: triggers for liability

BCLP on

Following publication of the new Residential Property Developer Tax for technical consultation, we examine when this tax will be charged and the types of development activities that will bring developers within scope. The...more

BCLP

Empty property rates in England; no more guarding the guardians?

BCLP on

A tax on failure - The two taxes in England on the occupation of property are non-domestic rating (business rates) and, for domestic rating, council tax. Pre COVID, business rates yielded £30bn and council tax £36bn...more

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