The UK Autumn Budget will be published on 22 November. CBRE expects announcements relating to the taxation of property which could have an impact on the asset class. We cannot know precisely what these might be, as there has been limited public consultation.

This ViewPoint will therefore offer a mix of context and conjecture. We begin by describing the UK property tax regime, and the direction of the recent change; we follow with an explanation of the economic incidence of taxation change, and how the onshore/offshore mix of UK property industry has changed in the last 15 years. We conclude with our predictions of the most likely changes to property taxation on November, and the potential impacts such changes could have on investors.