Mansion Tax Masquerade

‘Carol Lewis looks at the Government’s plans for an Annual Residential Property Tax noting that for some property owners it is mansion tax in all but name.

The draft Finance Bill outlined an annual charge for owning a British property in a corporate structure (offshore or onshore), ranging from £15,000 a year for homes valued between £2m and £5m, and £140,000 for those valued at £20m or more.

In addition to the annual charges is the 15% stamp duty that was introduced in the Budget for properties held in corporate vehicles.

Ms Lewis notes that on top of this from April 2013 the Government is to set 28% CGT on profits accrued on property held in offshore accounts.’

Source: The Times, Bricks & Mortar Supplement



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


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