Glenn Cassidy and Phillip Dearden from PKF Isle of Man will give the next ICSA presentation on Tuesday 25 September. The event, sponsored by PKF, is titled “The Shock for Non-Resident Owners of UK Residential Property”.
The talk will focus on the impact of the dramatic new UK Tax changes for expensive UK residential properties. This is of particular interest to Isle of Man professional advisors and administrators as traditionally UK property owned by non-UK residents and UK resident and non-UK domiciled individuals has been held through offshore structures which will be affected by the current and proposed changes.
The main areas of discussion are:
• The increased rate of UK Stamp Duty Land Tax (SDLT) and the newly introduced rate of UK SDLT for acquisitions of residential UK land and property by certain “non-natural persons”
• The proposed UK Annual Charge for certain residential properties which are held by “non-natural persons”
• The proposed UK Capital Gains Tax for residential property held in offshore structures
Glenn is a tax consultant with PKF in the Isle of Man, a member of the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Taxation (CIOT). Glenn deals with a wide range of tax issues which include compliance services for companies, in particular non-resident landlords, individuals and trusts, UK and Isle of Man tax planning for individuals and companies and advising clients with respect to enquiries and investigations raised by HM Revenue and Customs and the Isle of Man Income Tax Division.
Phillip Dearden is a tax director with PKF in the Isle of Man, a member of the Institute of Chartered Accounts in England and Wales (ICAEW) and the Chartered Institute of Taxation (CIOT). Since 1991 Phillip has focused on providing international tax planning advice in respect of compliance and consultancy services for individuals, family trusts and corporate groups, estate and cross border tax planning and tax authority investigations. He is in demand as a lecturer on international taxation matters, contributes regularly to taxation publications and is joint author of ‘Taxation in the Channel Islands and Isle of Man.
Gillian Prestwich, ICSA IOM Chairman, “We are delighted to have PKF’s support and are sure such a topic will be of interest to ICSA members and non-members alike.”
The presentation will start at 6pm for 6.15pm at the Cushag Suite, Best Western Palace Hotel ♦ Casino, Douglas.
Admission is free to members. Places for non-members (subject to availability) are £10 each. For booking (please confirm member/non-member) and for further information about events or if you would like to be included on our emailing list then please contact firstname.lastname@example.org