Latest News Headlines
On-Air Now
Listen Live
Facebook

Treasury says taxing property deals in the UK is 'fair'

Wed, 30 Mar 2016


Changes to property taxation in the UK Budget are 'fair'.

That's according to the Treasury Minister - who says the UK Chancellor is right to withdraw from a treaty allowing Isle of Man-based companies a tax exemption on UK property deals.

Corporate service providers have been slammed with a tax increase from zero to 20 per cent in a landmark move.

Government agrees the strategy provides greater competition both on and off-Island - Eddie Teare explains his position: 

Media

  • Minister Eddie Teare

Bookmark and Share