New housing tax rules won't be written when they become law

KPMG tax partner Rachel Piper said the new housing tax rules may add to the sense of "unfairness."

Fri, 11 Jun 2021

The government will still be writing the rules relating to its new housing tax regime after it comes into force on Oct 1, according to accounting firm KPMG.The government released a discussion document on the new regime yesterday which "runs to a weighty 143 pages," KPMG tax partners Rachel Piper and Darshana Elwela have advised clients."The length of the document highlights to us the complexity of these new rules in practice," they said.The government plans to pass the legislation later this year with it taking effect...

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