Finance Bill introduces annual property levy and extends capital gains tax reach

"The Inland Revenue has not thought through the intricacies and practicalities of implementing " says Mishcon de Reya's Andrew Goldstone in the law firm's response to the Government's CGT consultation.

Individuals who have investment properties, second homes or shares standing at a gain should consider taking action before 5 April 2013 to trigger those gains in this tax year.

Anthony Hennessy of Brecher deftly guides us through the SDLT maze, summarising the factors that owners of high value property should now be considering...