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Non-resident UK asset owners under pressure ahead of CRS info exchange

Doubts over the UK election outcome have no deterred investors in the London property market

Enforcement of the new OECD-led Common Reporting Standard (CRS) in October will put pressure on UK asset owners who hold assets directly or through trust structures to report on their asset holdings, according to tax experts. While the London property market has been a popular asset choice for Asian HNWIs, according to Mark Taylor, head of Buzzacott’s tax investigation and dispute…

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