Swiss Property and the UK Tax Implications of Ownership
07 December 2017
However, with the Common Reporting Standard (CRS) effective in Switzerland from 1 January 2017 and tough new sanctions applicable to those with undeclared overseas tax liabilities under HM Revenue & Customs’ (HMRC) new Requirement to Correct, UK taxpayers who own or are looking to own Swiss property need to review and stay on top of their tax compliance obligations.
Richard Morley, partner in our tax dispute resolution team, discusses the tax implications of UK taxpayers buying property in Switzerland in the eprivateclient Swiss Jurisdiction report, launched this week.
Follow the link below to read the full article.