Property tax

Tax / SDLT payment window cut delayed until April 2018

The implementation of the 14-day window for filing and payment of stamp duty land tax (SDLT), reduced from 30 days, has been delayed to April 2018 after conveyancers expressed concerns over dealing with complex transactions while complying with the new time frame

Tax / Non-resident companies owning property to pay income tax and CGT

The government is consulting on the capital gains tax and income tax liability of non-resident companies owning UK property with a view to bringing their taxable income and/or gains from the disposal of certain UK residential property interests, within the UK tax regime for the first time

Tax / Budget 2017: implementation dates effective April 2017 onwards

Our essential snapshot of the key measures announced in Budget 2017, Finance Bill 2017 and NICs Bill, including NICs hike for self employed, dividend tax-free allowance slashed to £2k, overseas pensions transfers (QROPS) face potential 25% tax surcharge and Making Tax Digital rollout delayed for smallest companies and landlords sub-VAT threshold

Tax / Budget 2017 briefing: key measures at a glance

In our roundup of the Budget 2017 essentials, we review the key tax measures announced in a slimline event, from the unexpected hike in national insurance rates for the self employed to a cut in the tax-free dividend allowance, potential tax liability for pensions transferred overseas, corporation tax cuts and VAT roaming charges for long haul travellers for the first time

Tax / Crest Nicholson fails to build case over £1.29m SDLT claim

A First Tier Tribunal (FTT) has ruled against a stamp duty land tax (SDLT) avoidance scheme used by FTSE 250 housebuilder Crest Nicholson, requiring the company to pay £1.29m in tax deemed to be due

Tax / Budget 2017: offshore property developers lose profits exemption

Chancellor Philip Hammond has closed a loophole in Finance Act 2016, to ensure that all profits from dealing in or developing land in the UK are brought into charge to UK tax, after discovering that some long-term contracts were not covered by the original conditions

Tax / Budget 2017: SDLT payment period unchanged at 28 days

The introduction of a 14-day window for filing and payment window for Stamp Duty Land Tax (SDLT) marking a radical shift in the current 28-day period has been delayed until after April 2018 following consultation

Tax / Budget 2017: tax consultations planned for Spring 2017

The Treasury has also announced at least 10 different reviews into current tax policy including long-term capital finance, state pension age, tax compliance and risk at large businesses, and the penalties regime for Making Tax Digital

Tax / Onshore tax evasion and avoidance: compliance and penalties - part 2

More tax is lost to onshore evasion or non-compliance than to offshore evasion and avoidance, and HMRC is armed with a raft of tools to curb the practice.  In the second of a two part series, Jason Collins, a member of the CIOT’s management of taxes sub-committee and partner at Pinsent Mason, reviews government strategy and changes to the rules

Tax / Budget 2017: what to expect

This Wednesday marks the last ever spring Budget where Chancellor Philip Hammond could address anything from a raft of new tax changes to a review on existing initiatives, with accounting firms making their own predictions on what could and should be included

Tax / Re-evaluating the value of business rates

As businesses in high-value areas brace themselves for a business rates hike, Calum Fuller explores the flaws in the regime and how it might be improved

Tax / Tax data: CGT data, HMRC rates of interest - Mar 2017

Download the HMRC CGT indexation allowance for November 2016, RPI Index for January 2017 and HMRC rates of interest, changes to stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

Tax / Buy-to-let taxation: annual tax on enveloped dwellings (ATED) - part 8

Changes to the annual tax on enveloped dwellings (ATED) regime which came into force from April 2016 mean many incorporated buy-to-let landlords previously unaffected by ATED now need to be mindful of the rules and pitfalls, warn Joseph Pollard, associate director and Emma Milgate, manager, RSM

Tax / HMRC seeks help of landlords to smoke out tobacco duty evasion

Commercial landlords could be obliged to inspect their properties and perform checks to ensure that their tenants are not involved in evaded tobacco duty or other excise duties, under proposals being considered by HMRC

Tax / Buy-to-let taxation: stamp duty tax charges - part 7

In part seven of our exclusive series on buy-to-let taxation, Adam Kay, partner at Saffrey Champness,  reviews the impact of the 3% SDLT levy on additional property purchases