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Budget update: The Annual Residential Property Tax (ARPT)

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Last Updated: 19/04/2013  

Although waiting  to receive Royal Assent, the charge would mean
companies which owned properties valued at £2  million or more on 1st April 2012, or  subsequently, will be liable for the charge,  ranging from £15,000 to £140,000 per year.

Taking into account the various exemptions that  apply, the Government estimate that the new tax  (along with the 15% SDLT rate and CGT extension)  will generate around £70 million in 2013/14.