Policy paper

Taxation of high value UK residential property held by certain non-natural persons

This Tax Information and Impact Note explains an extension to the package of taxes that affect residential properties held by non-natural persons.

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This measure is to tackle tax avoidance and to ensure that those wrapping residential property in corporate and other ‘envelopes’ and not using them for a commercial purpose, such as renting them out, pay a fair share of tax.

The Annual Tax on Enveloped Dwellings Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations 2015 has been made and came into force on 1 April 2015.

Published 19 March 2014
Last updated 7 May 2015 + show all updates
  1. Order has been made and came into force on 1 April 2015.
  2. First published.