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Finance Bill to be re-introduced

14th July 2017

The Treasury has confirmed that a new finance bill will be published later in the summer to reintroduce all the elements dropped from the spring budget in order to accommodate the surprise general election.

Policies such as corporate interest restriction, corporate tax losses changes, relaxation of the substantial shareholding exemption, deemed domicile for long term residents and inheritance tax on UK residential property will all be reinstated and backdated to April 2017.

For further information please contact Katharine Arthur, Head of Tax, (+44(0) 207 969 5610) or any member of our tax team.