Short answer: Budget 2027's main property change is fuller disclosure in air space deals. Ordinary sales remain under existing duty and final withholding tax rules.
Key points
- Buyers pay duty on transfer; sellers usually pay a final tax on the transfer value.
- Exemptions and reduced rates depend on property type and ownership history.
- Air space deals face new disclosure rules once consulted on.
Budget 2027 measures
Budget 2027Rules pendingProposed reform
Taxation of air space transfers
New rules require fuller disclosure of the total price in development deals involving the sale of air space.
Proposed rules; implementation not confirmed.
Speech printed p. 42 · PDF p. 46