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My summary contains some wide generalisations and covers the residential market, in particular prime London in more detail than the commercial sector. We have in the past 18 months and, in particular after the significant stamp duty changes from the autumn statement in December 2014, seen the prime housing markets across the UK fall in value. The referendum vote has added further caution across all the prime London residential markets
On 29 June 2016 the negotiations for a double tax agreement between Cyprus and India were successfully concluded in New Delhi, for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion pertaining to taxes on income between the two countries, as confirmed by the Finance Ministry, with Cyprus accepting the proposed changes regarding capital gains and taxation, as set by the Indian government and the agreement is expected to be signed over the next couple of months.
Earlier in 2016 a new bill has been submitted to Russian government which provides that Russian companies will need to identify their beneficiary owners and reveal this information to government bodies.
18 Nov 2016
19 Nov 2015
19 Nov 2014