LOmpit the family for “Peace”
LOve Many in Peace with Integrity and Trust
Wealth
Taxes
In addition to accommodation
taxes, every residential tax unit will be liable to an annual wealth tax.
The wealth is the assets of the tax unit minus any debt they have. Every
residential tax unit will be assed every year along with its tax return. This
does not Apply to Business Tax Units.
The first million zero rated
5 to 10 million .2%
10 to 20 million .5%
Over 20 million 1%
If land/residential property
is owned by a non-resident .1% will be charged on all their UK assets. If the
total value is over £2 Million a charge of 1% will be collected on all their
assets, annually.