KPMG responded on 30 January 2018 to the public consultation on recommendations set out in the Coffey Review of Ireland’s Corporation Tax Code.
The UK government intends to tax capital gains made by non-residents on the disposal of all types of UK real estate.
At this stage, it is accepted that the primary issue is the lack of supply of new homes and apartments for occupation and rent.
The taxation treatment of Irish tax resident investors in Irish and foreign (offshore) funds depends on a number of factors.
The Companies (Accounting) Act 2017 was signed into law on 17 May 2017, and generally takes effect from 9 June
This will require non-resident companies to pay UK corporation tax on their UK rental income and possibly also on their residential property gains.