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Property tax - articles

Features and articles from ICAEW on taxation related to the taxation of properties in the UK tax regime.

Displaying 1-30 of 86 results
Tax news in brief 5 June 2024
  • Jun 2024
  • ICAEW
Highlights from the broader tax news for the week ending 5 June 2024, including: HMRC publishes guidance on the abolition of multiple dwellings relief; an update on the VAT refund scheme for museums and galleries; and the Scottish visitor levy has been passed.
INSIGHTS VIEWPOINT Finance (No. 2) Act 2024 receives Royal Assent
  • May 2024
  • ICAEW Insights
Some of the changes announced at the Spring Budget 2024 have now become law, including an increase in the thresholds for the high income child benefit charge for 2024/25.
INSIGHTS VIEWPOINT HMRC rejects ‘brightline’ test for furnished holiday lets (FHLs)
  • May 2024
  • ICAEW Insights
In response to ICAEW’s letter on the abolition of the FHL regime, HMRC has confirmed that the boundary between property letting and trading will be judged on the facts and by reference to case law.
INSIGHTS VIEWPOINT TECHNICAL ROUND UP ICAEW technical round-up: April
  • Apr 2024
  • ICAEW Insights
This month’s top stories include community amateur sports clubs asked to check their status; MTD ITSA private beta testing relaunched; and tax administration and maintenance day summary.
INSIGHTS VIEWPOINT Public finances end financial year in weak position
  • Apr 2024
  • ICAEW Insights
Net debt represents a growing fiscal mortgage of £92,000 per UK household as a difficult financial year comes to a close.
INSIGHTS VIEWPOINT Welsh government consults on LTT multiple dwellings relief
  • Apr 2024
  • ICAEW Insights
The Welsh government is consulting on several changes to land transaction tax, including the abolition of multiple dwellings relief.
INSIGHTS VIEWPOINT TECHNICAL ROUND UP ICAEW technical updates: March 2024
  • Mar 2024
  • ICAEW Insights
This month’s top stories include Spring Budget announcements, HMRC halting the decision to restrict helplines, and more guidance on the lifetime allowance abolition.
INSIGHTS VIEWPOINT HMRC corrects advice given on tax relief for boiler repairs
  • Mar 2024
  • ICAEW Insights
In 2023, HMRC issued a letter stating that boiler upgrades did not constitute a repair. However, HMRC is now contacting affected taxpayers acknowledging that this advice was incorrect.
INSIGHTS VIEWPOINT Draft legislation published for some Spring Budget 2024 measures
  • Mar 2024
  • ICAEW Insights
The Spring Finance Bill contains legislation which increases the thresholds for the high income child benefit charge and abolishes multiple dwellings relief for SDLT.
INSIGHTS VIEWPOINT Chancellor abolishes furnished holiday lets treatment and announces stamp duty land tax changes
  • Mar 2024
  • ICAEW Insights
From April 2025, taxpayers will no longer be able to treat their property business as a furnished holiday let (FHL). Stamp duty land tax multiple dwelling relief (SDLT MDR) will be abolished from 1 June 2024.
INSIGHTS VIEWPOINT A pre-election Budget lacking in rabbits or hats
  • Mar 2024
  • ICAEW Insights
An extension of full expensing to leases is welcome news for businesses in a Budget that delivers nothing unexpected.
Exclusive TAX FACULTY Time to think about ATED?
  • Feb 2024
  • ICAEW
  • Taxline
Ahead of the next ATED deadline on 30 April 2024, Stephen Relf explains why more of us may need to engage with ATED, identifies some problem areas to look out for and asks if ATED is still fit for purpose.
Tax news in brief 28 February 2024
  • Feb 2024
Highlights from the broader tax news for the week ending 28 February 2024, including: a new income tax exemption for the Champions League final, tips from HMRC on paying PAYE and filing an ATED return; and the EU’s new digital system for union goods.
INSIGHTS VIEWPOINT Modest boost to public finances won’t stop taxes rising
  • Feb 2024
  • ICAEW Insights
Prior month revisions boost public finances despite worse than expected self assessment receipts, as a think tank says tax cuts in the Budget will be sandwiched between tax rises in the years before and after.
FACULTIES ONLINE TAX FACULTY TAX NEWS Scotland: new LBTT relief and changes to the ADS
  • Jan 2024
  • ICAEW
New relief for local authority purchases comes in from 1 April 2024, together with numerous changes to the additional dwelling supplement.
The role of taxation in achieving net zero – housing and carbon
  • Jan 2024
  • ICAEW
In the second of a two-part series on how to deploy taxation to help the UK reach net zero, Ed Saltmarsh, ICAEW’s Technical Manager, VAT and Customs, takes a look at housing and carbon emissions.
FACULTIES ONLINE TAX FACULTY TAX NEWS Have your say: extending the LTT refund window
  • Jan 2024
  • ICAEW
The Welsh government proposes to extend the three-year exception and refund period for higher land transaction tax (LTT) residential rates in specified circumstances.
Tax news in brief 3 January 2024
  • Jan 2024
Highlights from the broader tax news for the three weeks ending 3 January 2024, including: Budget date; council tax changes for Scotland; and plastic packaging tax g-Form for insolvency practitioners.
Exclusive TAX FACULTY Tax advantages and pitfalls of an earn-out
  • Dec 2023
  • ICAEW
  • Taxline
James Moore describes the use of an earn-out in M&A transactions and highlights the risk of reclassification as earnings.
Tax news in brief 8 November 2023
  • Nov 2023
Highlights from the broader tax news for the week ending 8 November 2023, including: HMRC’s marriage allowance calculator; council tax for HMOs; and pillar two education letters.
Exclusive TAX FACULTY How does tax in the UK compare to other countries?
  • Nov 2023
  • ICAEW
  • Taxline
Tax policy will remain in the headlines in the run-up to the next general election. But how does the UK compare internationally on tax and what might the political parties learn from looking to their international counterparts?
CONSTRUCTION AND REAL ESTATE COMMUNITY Tax cut possible, says IFS expert
  • Nov 2023
  • Helen Miller
Despite Chancellor Jeremy Hunt saying it will be “virtually impossible” to cut taxes until the economic outlook improves, the deputy director and head of tax at the Institute for Fiscal Studies says it remains possible for individual taxes to be cut as early as the Autumn Statement. Writing in the Daily Telegraph, Helen Miller said individual measures could be considered, such as reforming stamp duty, council tax, or increasing taxes on capital gains.
CONSTRUCTION AND REAL ESTATE COMMUNITY Hunt under pressure to deliver tax cuts
  • Oct 2023
  • Sir Nigel Wilson
Chancellor Jeremy Hunt is leaving a major decision on tax cuts "to the last minute" before next month's Autumn Statement, reported the Mail on Sunday. The Chancellor has reportedly been analysing Office for Budget Responsibility figures to assess whether he has any scope to deliver cuts such as a change to stamp duty rates.
Exclusive FARMING AND RURAL BUSINESS COMMUNITY Constant clashing on mixed usage SDLT
  • Oct 2023
  • Julie Butler
  • Farming and Rural Business Community News
Stamp Duty Land Tax (SDLT) planning is important when buying a farm or selling part of farms “tax efficiently”. SDLT has been both in the headlines and subject to mailshot by “ambulance chasing” tax advisers looking for SDLT refunds. The case of Henderson Acquisitions Ltd v HMRC [2023] (TC8922) is an example of advisers looking for refunds of SDLT following the Bewley (TC6951) case on what qualifies as a derelict/unsuitable building and therefore be able to claim the non-residential rate of SDLT.
Corporation Tax — amendments to the Real Estate Investment Trust (REIT) regime
  • Aug 2023
  • gov.uk
Real Estate Investment Trusts (REITS): The government is publishing draft legislation to make further improvements to the operation of the tax rules for Real Estate Investment Trusts. As well as engaging on the detail of these provisions, the government will continue to consider the case for other reform options.
Exclusive TAX FACULTY Does a wayleave change a property from residential to non-residential?
  • Jun 2023
  • Lindsey Wicks
  • Taxline
Lindsey Wicks looks at a recent case concerning whether the existence of a commercial electricity distribution network on land acquired with and adjoining a dwelling makes the property mixed-use or non-residential.
Exclusive TAX FACULTY The lowdown on buying property in Italy
  • May 2023
  • Andrea Matera
  • Taxline
Buying a house in Italy is a dream come true for many, but if you do not know the property tax rules you could be faced with some unpleasant surprises. Andrea Matera explains what you need to know.
Exclusive FARMING AND RURAL BUSINESS COMMUNITY Energy saving materials and planning permission
  • Apr 2023
  • Julie Butler
  • Farming and Rural Business Community News
The construction, maintenance and improvement of property is a key issue for almost all farmers. In this article Julie Butler considers two property related tax cases and their implications for the rural business.
Exclusive TAX FACULTY How the higher rates of stamp taxes apply to second homes across the UK
  • Mar 2023
  • ICAEW
  • Taxline
The differences between how and when the higher rates apply to residential property purchases in England and Northern Ireland, Scotland and Wales go beyond the rates charged. Lindsey Wicks highlights some key variations alongside planned changes in Scotland.
FACULTIES ONLINE TAX FACULTY TAX NEWS Overpayments of CGT following self assessment
  • Mar 2023
  • ICAEW
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.
Displaying 1-30 of 86 results
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