Property tax

Tax / Time to pay arrangements for individual taxpayers clarified

HMRC has issued guidance for individual taxpayers on how to settle a tax debt using a negotiated time to pay arrangement

Tax / HMRC opens 300,762 self assessment investigations

Taxpayers who have yet to file before the January 31 deadline are being warned to make sure their information is accurate, despite the tight deadline, as HMRC opened over 300,000 investigations into self assessment tax returns in the last year

Tax / Tax changes to look out for in Budget 2020

Stephen Relf CTA FCA, lead tax writer at Croner-i, casts his expert eye over likely changes to the rules, rates and allowances for taxes for the March Budget

Tax / HMRC warns 90k tax returns need clerical review

With the self assessment deadline looming, HMRC has issued a special agent update on the topic to help with last minute technical questions to avoid falling foul of over complex tax code

Tax / Private residence relief on property sales

An overhaul of tax rules on private residence relief (PRR) from April 2020 will reduce the final period exemption to nine months, hitting individuals who own more than one residential property which they have lived in as their main residence at any time. John Spencer-Silver, senior associate at Forsters LLP, explains

Tax / Lloyd Webbers beat HMRC in £6m Barbados CGT case

Musical impresario Andrew Lloyd Webber has won a tax case against HMRC over a claim for a capital gains tax rebate over development of a luxury beachside mansion in Barbados which was never completed  

Tax / SDLT pitfalls of buying a second home

With the Conservatives promising a 3% surcharge on foreign property buyers and complex tax rules around purchase of second homes, Croner-i tax writer Zigurds Kronbergs examines the potential pitfalls for property owners

Tax / Q&A: tax and joint rental income

In our regular Q&A series from Croner Taxwise, tax adviser, Marsha Haywood explores how joint rental income tax can be divided between owners more tax efficiently

Tax / Tories plan 3% surcharge on overseas home buyers

Overseas homebuyers would face an additional 3% stamp duty land tax (SDLT) surcharge on any UK houses they purchase under a future Conservative government, the party has announced

Tax / Green Party to offer universal basic income

The current benefits systems would be replaced with universal basic income (UBI) for all, says the Green Party in their manifesto

Tax / Property rental tax compliance essentials

Emma Rawson, technical officer at the Association of Taxation Technicians (ATT) explores how the rent a room scheme and property income allowance affect rental income for residential landlords and property owners

Tax / Tax traps for Londoners renting over Christmas

Homeowners in central London could earn more than the cost of Christmas through renting in December, but there are tax risks for exceeding the rent a room scheme thresholds

Tax / Property tax essentials: 30-day CGT deadline, PPR relief

Residential property owners and buy-to-let landlords face significant tax changes from April 2020, including the 30-day CGT payment deadline and an overhaul of principal private resident relief (PPR) and extra statutory concessions (ESC). Mercer & Hole's Alison Palmer and Alice Pearson examine potential pitfalls

Tax / Nunn: one size tax is not the answer for self employed

Attempts to reform tax reporting for the self employed and landlords need to be carefully thought through to avoid creating more complexity and red tape. Yvette Nunn CTA ATT MAAT, director of Berkeley Associates, assesses the latest OTS report

Tax / Higgins wins Court of Appeal case over CGT on property sale

The Court of Appeal has ruled that the ‘period of ownership’ for principal private residence (PPR) relief from capital gains tax (CGT) begins when the property purchase is completed, not from exchange, in a ruling which overturns a previous tribunal finding in HMRC’s favour
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