Property tax

Tax / Manifestos fail to ‘offer honest set of choices’, says IFS

Neither the Conservatives’ nor Labour’s manifestos address the long-term challenges faced by the public sector, according to assessment by the Institute for Fiscal Studies

Tax / Kroijer: don't over-invest in property to build pension pot

Looking for low risk, high returns alternatives to tradtional pensions savings is one of the big worries these days but is property such a safe bet anymore? Investment expert Lars Kroijer considers the options for investors, warning that over-reliance on property assets is not always the best policy or a sure fire profit income

Tax / Tax issues when disposing of a UK rental property

With the buy-to-let market still holding up despite a raft of potential tricky tax changes, many people will dispose of a rental property in their lifetime. Lynsey Lord, tax manager at Mercer & Hoe, explores some of the factors which can affect the tax position on such a sale

Tax / More single property landlords hit by buy-to-let changes

Following the introduction of new tax rules for buy-to-let landlords there has been a rise in the amount of single property landlords that will be pushed into the higher income tax bracket, according to the National Landlords Association (NLA)

Tax / General election 2017: party policies on tax

With four weeks to go until the general election on 8 June, CCH Daily gives a snapshot of the key tax measures from income tax to the doubling of the employer charge for non-EU workers announced by the UK's political parties in their manifestos

Tax / Guests to say ‘I do’ to wedding gift tax relief

As Pippa Middleton, sister to the Duchess of Cambridge, prepares to walk down the aisle this weekend, marking the start of the wedding season, ICAEW is reminding guests of the tax relief available if they choose to make a gift to the happy couple

Tax / Conservatives propose tougher regulation of tax advisory firms in manifesto

Firms providing tax advice can expect greater scrutiny and regulation should the Conservatives remain in government following the general election on 8 June

Tax / First tax chamber tribunal head appointed in Scotland

Anne Scott has been appointed as the inaugural tax chamber president of the First Tier Tribunal (FTT) for Scotland, with effect from 24 April when control of devolved taxes transferred from the Tax Tribunals for Scotland to the newly-created Scottish Tribunals

Tax / Case: appeal against disclosure notice dismissed as evidence was inadmissible

A First Tier Tribunal (FTT) dismissed an appeal against closure notice as the properties were not trading stock but capital investment therefore, the FTT did not need to consider whether any losses arising were available to be offset against taxable income 

Tax / Case: tribunal rules in favour of taxpayer over principal private residence relief

A First Tier Tribunal (FTT) ruled in favour of the taxpayer after finding that principal residence relief (PRR) should be available to relieve from capital gains tax (CGT) on disposal of the apartment 

Tax / SDLT: who pays the most stamp duty on property?

Jackie Hall ACA CTA, partner at RSM, unpicks the latest stamp duty land tax (SDLT) take on residential property to see who is really bearing the biggest tax burden from property taxes and whether the benefits of various tax reliefs mean the picture is less clear than expected

Tax / Tax updates: May 2017

In our monthly review of tax cases and compliance issues, Sharon Khin reviews tribunal rulings in Higgins over private residence relief, Gulliver over domicile and closure notice in Schechter, while HMRC faces upheaval as business compliance and customer service chiefs quit and partnerships are drawn into country-by-country reporting rules

Tax / Tax filing deadlines: May-Aug 2017

The key HMRC filing deadlines from May to August 2017 including PAYE cheque payments, online CIS returns, PAYE settlement agreement

Tax / Stamp duty receipts up as transactions fall

HMRC’s latest statistics show it collected over £2bn in stamp duty land tax (SDLT) in the first quarter of the year, but the number of transactions is falling, partly as a result of the changes to the taxation of additional properties

Tax / Slimmed down Finance Bill hits IHT for non UK domiciles

Changes to the rules on inheritance tax charges on residential property for non UK domiciles have been dropped from the rushed Finance Bill, creating uncertainty for high net value individuals, warns Mercer & Hole