A December seminar run by KPMG in the Channel Islands will address the draft legislation impacting UK residential property transactions and ownership.
The seminar will be held on 13 December at the Duke of Richmond Hotel from 12.30 to 2 p.m. and is designed for all advisors and intermediaries whose clients may be affected by the new legislation.
Here the draft legislation, due to be published on 11 December 2012, will be reviewed by the KPMG team who will then discuss the impact it may have on individuals acquiring high value residential properties in the UK; those who currently own properties other than in their own name; and for affected commercial businesses with property interests.
The team will be joined by Greg Limb, a partner from the firm’s Private Client Team in the UK. Mr Limb specialises in advising individuals, entrepreneurs and shareholders on their personal tax issues and advises a large range of UK and non-UK settlements and their beneficiaries on their UK tax affairs. He also spent six months on secondment to KPMG in Guernsey in 2008.
KPMG’s Executive Tax Director, Tony Mancini said: “Following the announcement of changes to Stamp Duty legislation and anti-avoidance measures relating to the ‘enveloping’ of high value residential property in the March 2012 Budget, we are expecting the draft legislation to be published on 11 December, 2012 and to have received feedback from the consultation process.
“The seminar will be a good opportunity to update individuals about the prevailing position.”
Places on the seminar are free of charge but advanced booking is required. For more information or to book a place at the seminar, contact Lisa Coverdale on 01481 755786 or email firstname.lastname@example.org.