Explanatory Notes

Finance Act 2012

2012 CHAPTER 14

17 July 2012

Introduction

Section 226: New Tax on Ownership of High-Value Residential Properties Or Dwellings

Summary

1.Section 226 will allow HM Revenue & Customs (HMRC) to incur expenditure in preparing for the introduction of a new tax to be charged on high-value residential properties owned otherwise than by individuals.