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Property businesses and the close investment-holding company ‘penalty’ rate

Shared from Tax Insider: Property businesses and the close investment-holding company ‘penalty’ rate
By Lee Sharpe, October 2021

Lee Sharpe looks at the effect of the re-introduction of a swathe of ‘old’ legislation to raise corporation tax revenues by a worried Chancellor for property investment companies in particular. 

This article was prompted by one or two queries that have been raised by regular readers of the Tax Insider publications. In it, I hope to allay most concerns in relation to property landlord companies, but also to highlight where those concerns may yet be valid, and what to look out for. 

Corporation tax rate hike 

The big news for most companies is a return to a significantly higher rate of corporation tax; or, more accurately, that the main rate of corporation tax will rise from 19% to 25%, with effect from 1 April 2023.  

Those of us (jaded!) advisers

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