Overseas entities that own UK property had to use the Register of Overseas Entities to provide Companies House with information about their beneficial owners and relevant trusts by 31 January 2023 and HMRC will be reviewing this information and may use it to launch an investigation – see the earlier Claritax News story.
The Chartered Institute of Taxation is reminding taxpayers, their agents and advisers of HMRC’s guidance that states that, if a taxpayer is concerned that the right amount of tax hasn’t been paid, he or she must come forward and tell HMRC as soon as possible and this should be done before 28 February 2023.
Related content from Claritax Books
Property Investment, by Satwaki Chanda, is a major work for serious property investors and their professional advisers. The text leads the reader through the cycle of property ownership, from acquisition to eventual disposal. At each stage, the complex tax issues are clearly explained and fully illustrated.