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Taxation of luxury assets: Will Brexit cause turbulence for private luxury travel?

KPMG UK’s Indirect Tax and Customs team assess the possibility of tax regime change resulting from geo-political volatility in the United Kingdom.

The world is shrinking. In 1919 it took the Smith brothers 28 days to fly from the UK to Australia, since the launch of the non-stop flight between Heathrow and Perth it now takes a mere 17 hours. As far flung places of the globe become ever more accessible, decreased travel times are making it easier for individuals and families to have beautiful houses in a number of different countries. With distance nearly conquered, the challenge of travel itself has changed. The emphasis is no longer qu...

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Published Date: 19 November 2019

 

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