A number of changes to tax rules have added to compliance requirements for property owners and increased tax bills. In the Spring 2021 Budget, the Chancellor announced a wide range of tax changes with a strong emphasis on encouraging capital spending as a route to achieving recovery in the economy. Although changes to the corporation tax rate were announced, there was no increase in the capital gains tax (CGT) rate, however, this may be revisited in the future. Significant tax changes have been introduced in relation to the UK property market over recent years. These changes are likely to have impacted the majority of UK property owners, whether this be individuals or corporates, UK residents or non-residents and whether they hold the properties for investment or trading purposes. Below is an overview of some of the more recent changes that have been announced in relation to the UK property market.