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Property tax

Expert commentary and practical guidance from ICAEW related to the taxation of property in the UK regime, covering areas such as: ATED (annual tax on enveloped dwellings), business rates and stamp duty land tax.

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Overpayments of CGT following self assessment

Self assessment tax return filers who have also submitted a capital gains tax (CGT) UK property return may end up in an overpayment position. ICAEW’s Tax Faculty recaps the process for claiming a CGT repayment.
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Exclusive

TAXguide 10/21: A guide to principal private residence relief

Questions around the tax treatment of someone’s principal private residence (PPR) arise with frequency and all too often the answer is not as straightforward as might first appear. This guide considers the core rules, the traps and the key items to be aware of to help clients through this area of tax law.
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TAXguide 15/20: CGT UK property disposal reporting

The requirement for UK residents to report and pay capital gains tax (CGT) on disposals of UK residential property separately from the self assessment tax return was introduced in April 2020. The deadline is 60 days for all completions on or after 27 October 2021.
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Practical guidance

ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.

TAXguide 02/2024: Taxation of cryptoassets for businesses
  • Technical release
  • 28 Feb 2024
TAXguide covering the UK taxation of cryptocurrency held by businesses including corporation tax, stamp taxes, employment income and VAT.
Exclusive TAXguide 10/21: A guide to principal private residence relief
  • Helpsheets and support
  • 28 Apr 2021
Questions around the tax treatment of someone’s principal private residence (PPR) arise with frequency and all too often the answer is not as straightforward as might first appear. This guide considers the core rules, the traps and the key items to be aware of to help clients through this area of tax law.
TAXguide 15/20: CGT UK property disposal reporting
  • Technical release
  • 15 Sep 2020
The requirement for UK residents to report and pay capital gains tax (CGT) on disposals of UK residential property separately from the self assessment tax return was introduced in April 2020. The deadline is 60 days for all completions on or after 27 October 2021.
TAXguide 11/20: IHT on overseas property representing UK residential property
  • Technical release
  • 29 Jun 2020
An update to guidance from ICAEW, STEP, CIOT and The Law Society on areas of uncertainty in the statutory provisions for Inheritance Tax on Overseas Property Representing UK Residential Property introduced by Finance Act (No 2) Act 2017.

Features and articles

Expert commentary and practical guidance from ICAEW related to the taxation of property in the UK regime, covering areas such as: ATED (annual tax on enveloped dwellings) and stamp duty land tax.

Business property taxes, including business rates, can now be found on their own page.

HMRC provides further guidance on FHL abolition
  • Article
  • 12 Nov 2024
HMRC has published guidance to clarify issues raised during the consultation on the draft legislation to abolish tax rules for furnished holiday lets (FHLs).
Exclusive Furnished holiday let reform – the last gasp from the March 2024 Budget!
  • Article
  • 07 Nov 2024
The recently published details of forthcoming reforms to the tax treatment of Furnished Holiday Lettings (FHL) income, which were initially announced in the 2024 Budget but omitted from the Finance Bill, signal significant changes effective from the end of the 2024/5 tax year. These reforms, which were announced on 30 July, were confirmed as part of the 2024 Budget package.
Government publishes its plans for corporation tax
  • Article
  • 30 Oct 2024
The government has set out its intentions for corporation tax for the next five years, delivering on its commitment to publish a business tax roadmap at the Autumn Budget.
CGT and SDLT rates increased in Budget
  • Article
  • 30 Oct 2024
From 30 October 2024, the main rates of capital gains tax (CGT) will be increased to 18% and 24%. The 10% rate of CGT for disposals attracting business asset disposal relief (BADR) will increase to 14% (from April 2025) and to 18% (from April 2026).
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Webinars and recordings

 
Emerging opportunities and current pitfalls in the tax regime for property investment and trading
  • Webinar
  • 28 Nov 2023
A hands-on exploration of some common tax issues as well as recent changes in tax which are significant to understand for non-tax specialists in the property sector.
Tax Talk with Rebecca Benneyworth: Part II
  • Webinar
  • 12 May 2021
This session with Rebecca Benneyworth will focus on furnished holiday let (FHL) tax, tax admin framework, capital gains tax 30 day rule and environmental taxes.
Exclusive Changes to CGT on residential property
  • Webinar
  • 17 Mar 2020
PwC's Gillian Banks, Vicky Smallwood from PKF Francis Clark and Frank Haskew, Head of ICAEW Tax Faculty, explain the new rules on capital gains tax (CGT) on residential property.
TAXbite: Rent a Room Relief
  • Webinar
  • 01 Nov 2019
This free TAXbite explains the rules for rent a room relief and how to apply if you or your client qualifies.
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Markel Tax FAQs

Questions and answers on UK tax issues and trends provided by Markel Tax, for eligible members.

Exclusive Base cost of UK property sale by overseas owner
  • Helpsheets and support
  • 04 Oct 2024
FAQ on the base cost of the sale of a UK property bought in 2010, by a client who has been living overseas since 2014.
Exclusive SDLT and sole ownership
  • Helpsheets and support
  • 05 Dec 2023
FAQ on whether a married couple, who live jointly in a house owned solely in the wife's name, can avoid paying the higher rates of stamp duty land tax, if they buy their new property solely in the husbands name, whilst keeping the original property to rent out.
Exclusive Spouse transfer and private residence relief
  • Helpsheets and support
  • 02 Nov 2023
FAQ onthe new rules regarding disposals made between married or divorced couples who are no longer living together on or after 6 April 2023.
Exclusive Affect of second property on SDLT
  • Helpsheets and support
  • 09 Jun 2022
FAQ on whether a client who is currently in the middle of selling their main home and purchasing their new home, will be affected by an additional SDLT percentage, as they also own an additional residential property which they rent out to tenants.

Markel Tax FAQs are correct at the time of going to press. To check current validity, please call the ICAEW Tax and VAT Helpline.

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Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.

Exclusive Capital allowances: transactions and planning 2024/25
  • eBook
  • 2024
  • Steven Bone, Martin Wilson
Guide explaining the practical and technical aspects of capital allowances and the related tax reliefs on property.
Exclusive Bloomsbury Professional Tax Guide 2024/25
  • eBook
  • 2024
  • The TACS Partnership
  • Bloomsbury Professional Tax Guide
Comprehensive practical guide on the full range of UK taxes, containing worked examples throughout.
Exclusive Land and property
  • eBook chapter
  • 2024
  • The TACS Partnership
  • Bloomsbury Professional Tax Guide
A chapter on UK taxation of land and property, containing worked examples.
Exclusive Taxation of intellectual property (5th edition)
  • eBook
  • 2024
  • Julian Hickey, Zeeshan Khilji
  • Taxation of Intellectual Property
This specialist title provides a comprehensive analysis of the taxation of intellectual property in the UK.
Exclusive Introduction to intellectual property
  • eBook chapter
  • 2024
  • Julian Hickey, Zeeshan Khilji
  • Taxation of Intellectual Property
This chapter provides an overview of key types of intellectual property as they relate to taxation, and considers where intellectual property assets will be considered to be located for tax purposes.
Exclusive Stamp duty and land transfer taxes (SDLT, LBTT and LTT)
  • eBook chapter
  • 2024
  • David Whiscombe
  • Partnership Taxation
Expert guidance on the treatment of partnership assets for the purposes of stamp duty land tax and the land transfer tax regimes in Scotland and Wales.
Exclusive Tax planning for farm and land diversification (6th edition)
  • eBook
  • 2024
  • Julie Butler
  • Tax Planning for Farm and Land Diversification
Julie Butler explores the latest developments in the area of tax planning for farm and land diversification, including protecting the farm's assets, alternative land use, hobby and lifestyle farming, letting activity and divorce and farming.
Exclusive Buy-to-let property tax handbook
  • eBook
  • 2024
  • Mark McLaughlin
'One stop shop' guidance on the tax aspects of buying, running or selling a residential buy-to-let property business.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

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eBooks

The ICAEW Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Exclusive Property income
  • eBook chapter
  • 2024
  • Malcolm James
An overview of taxation of property as it pertains to small businesses in the UK, determined by the Income Tax (Trading and Other Income) Act 2005 and other legislation. This chapter has sections on the basis of assessment, relief for capital expenditure, losses, and furnished holiday lettings (FHLs).
Exclusive Capital Gains Tax and chargeable gains
  • eBook chapter
  • 2024
  • Malcolm James
A detailed chapter on Capital Gains Tax, intended for advisors to small businesses. Includes sections on exemptions, reliefs, offsetting, allowable costs, valuation of assets, and more. Some points are illustrated with worked examples.
Exclusive Estate planning: stamp duty and stamp duty land tax
  • eBook chapter
  • 2024
  • Lesley King
A section outlining the stamp duty and stamp duty land tax issues which one ought to be aware of when advising a client on estate planning. Includes consideration of exceptions and reliefs.
Exclusive The National Non-Domestic Rate
  • eBook chapter
  • 2023
  • IBFD
  • Global Corporate Tax Handbook
A short section providing an overview of the National Non-Domestic Rate (NNDR) — commonly known as 'business rates' — in the UK. Includes coverage of how business rates are calculated, and the various reliefs available.
Exclusive Capital gains
  • eBook chapter
  • 2023
  • Telegraph Media Group
  • The Telegraph Tax Guide
A chapter summarising the basics of Capital Gains Tax — what it must be paid on, rates of tax, and relevant allowances and reliefs. The author gives tax saving tips, and illustrates points with real-world examples.
Exclusive Inheritance Tax
  • eBook chapter
  • 2023
  • Telegraph Media Group
  • The Telegraph Tax Guide
A chapter summarising the basics of Inheritance Tax — what it must be paid on, rates of tax, and relevant exemptions and reliefs. The author gives tax saving tips, and illustrates points with real-world examples.
Exclusive Stamp duty land tax
  • eBook chapter
  • 2021
  • Malcolm James
A short overview of stamp duty land tax (SDLT) payable on UK land transactions, with a brief note on stamp duty reserve tax (SDRT).
Exclusive Lease premiums
  • eBook chapter
  • 2021
  • Malcolm James
A short note explaining how to calculate lease premiums under property tax.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

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Articles and books in the ICAEW Library collection

The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on property tax. A selection of recent books on this topic is set out below.
Tolley's property taxation, 2024-25
  • Library book
  • 2024
  • P. Beckett, et al.
  • LexisNexis
A guide to all relevant taxes and how these taxes can interact, providing authoritative answers to all your queries. Covers property investments, development, redevelopment, refurbishment and maintenance, Islamic funding structures, and more.
Tolley's stamp taxes, 2024-25
  • Library book
  • 2024
  • P. Cannon
  • LexisNexis
An annual book providing in-depth but straightforward coverage of Stamp Duty Land Tax (SDLT), the Annual Tax on Enveloped Dwellings (ATED), stamp duties and Stamp Duty Reserve Tax (SDRT).
Furnished holiday lettings: a tax guide, 5th ed.
  • Library book
  • 2024
  • J. Endacott
  • Claritax
A guide to all of the special tax rules that apply in relation to furnished holiday properties. This latest edition considers the practical implications of the abolition of the special FHL regime from April 2025, and covers new case law and other developments.
Property investment: a tax guide, 2024-25
  • Library book
  • 2024
  • S. Chanda
  • Claritax Books
This book explains the various tax issues associated with each stage of the lifecycle of property ownership, from acquisition to eventual disposal. Worked examples are provided, and references are made to relevant legislation and case law. The Library also holds the previous edition (catalogued separately).
Tolley's orange tax handbook, 2024-25
  • Library book
  • 2024
  • R. Cordara (ed.)
  • LexisNexis
Annual two-volume work containing the latest indirect tax legislation. It includes up-to-date legislation and technical material relating to value added tax, stamp taxes, insurance premium tax, landfill tax, aggregates levy and climate change levy.
Tax saving for the property investor: legitimate ways to pay less tax on all your property dealings
  • Library book
  • 2024
  • Indicator FL Memo
  • Indicator FL Memo
A brief guide to tax-saving strategies for property investments, fully updated with the latest rules and figures for the 2024/25 tax year.
Stamp duty land tax, 2024-25
  • Library book
  • 2024
  • J. Feaster
  • Claritax Books
This annual handbook provides practitioners with expert and up-to-date guidance on Stamp Duty Land Tax (SDLT), with reference to relevant legislation, case law and guidance from HMRC. The 2024-25 edition has been fully updated to take account of amended SDLT rates and other statutory developments, and additional case law and HMRC commentary has been added on various topics.
Property tax planning, 17th ed.
  • Library book
  • 2024
  • Z. Khilji
  • Bloomsbury Professional
A guide to the tax treatment of UK property, covering all of the main categories of property ownership. Includes extensive references to relevant legislation and case law.

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

Representations

ICAEW REP 065/24 ICAEW Autumn Budget submission 2024
  • Representation
  • 18 Sep 2024
  • PDF (313kb)
Ahead of the Budget on 30 October, ICAEW has published its submission to the Chancellor. ICAEW urges the government to put incentivising growth at the heart of the Budget, with recommendations including: long-term fiscal planning, a fundamental review of the tax system and investment in skills and green technologies.
ICAEW REP 068/24 Furnished holiday lettings tax regime abolition
  • Representation
  • 13 Sep 2024
  • PDF (149kb)
A comment dated 13 September on the draft legislation, draft explanatory note and policy paper covering the furnished holiday lettings tax regime abolition published by HMRC on 29 July 2024.
ICAEW REP 017/24 Consultation on the proposed land transaction tax (LTT) special tax sites relief
  • Representation
  • 12 Feb 2024
  • PDF (247kb)
A representation dated 9 February 2024 to a consultation published by the Welsh Government on 19 December 2023.
ICAEW REP 055/23 Ecosystem markets
  • Representation
  • 08 Jun 2023
  • PDF (291kb)
A representation dated 8 June 2023 to a consultation published by HM Treasury on 15 March 2023.

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Webinars and videos have been designed by the Tax Faculty to provide practical guidance to practitioners on important developments to tax practice and policy.

You can register for Tax Faculty webinars by visiting our events page.
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Useful links

Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.

Land Transaction Tax
  • Website
  • 29 Apr 2024

Our range of guidance and services for Land Transaction Tax and Landfill Disposal Tax.

Land and Buildings Transaction Tax
  • Website
  • 29 Apr 2024

LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial properties and commercial leases) where a chargeable interest is acquired.

Business rates in Northern Ireland
  • Website
  • 21 Feb 2024
Information on business rates in Northern Ireland from nibusinessinfo.co.uk, a free service offered by Invest Northern Ireland.
Business Rates in Wales
  • Website
  • 21 Feb 2024
Non Domestic Rates (NDR) are also known as business rates and are taxes to help pay for local services. These are charges on most non domestic properties. If you pay business rates, your property may be eligible for business rates relief.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.

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