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
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
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
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
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
The Office of Tax Simplification (OTS) is calling for improvements to HMRC’s individual tax account service to provide an end-to-end tax reporting and payment service for the self employed and buy-to-let landlords
In our regular Q&A series from Croner Taxwise, Patrick O'Brien explains how revised HMRC guidance on acquiring residential property will affect the acquisition of ‘mixed use’ land
Changes to tax rules will see UK real estate gains of offshore collective investment vehicles (CIVs) face new tax charges, but there are some exemptions so it is not all bad news for investors. Mark Cawthron LLB CTA explains
Yvette Nunn examines the tax risks facing accidental landlords and second home owners when new tax rules on residential property sales come into force from April 2020
In our regular VAT Q&A series, Croner Taxwise VAT adviser Tony Chamberlain examines whether reduced rate VAT is chargeable on renovation work on a bungalow which has lain empty for more than two years
Bringing taxation on assets in line with the regime for income tax could raise £90bn over five years, according to a report from the Institute for Public Policy Research (IPPR) which is calling for the removal of the capital gains tax (CGT) regime
In our regular Q&A, Vivienne Scott, senior VAT consultant at Croner Taxwise, considers the implications of deregistration with property on hand when an owner has invested heavily in refurbishment
HMRC is questioning the basis for more claims for private residence relief (PRR) than ever before as it eyes up opportunities to increase the tax take from property sales. Croner Taxwise senior tax consultant Neil Tipping highlights potential PPR pitfalls when selling houses and land
Lack of trust in potential in-laws is leading parents to review the use of cash payments to children for house purchases with alternatives such as will trusts and ringfencing deposits under consideration
