Property tax

Case reports

Tax | Government needs to simplify tax, says CIOT

With the government’s review of tax administration, the Chartered Institute of Taxation (CIOT) calls to create a tax system that is much simpler for taxpayers to navigate

19 Jul 2021

Tax | HMRC reveals drop in buy-to-let tax disclosures

Thousands of landlords have failed to come clean about the tax they owed to HMRC as 42% fewer property investors voluntarily disclosed unpaid tax to HMRC in the latest tax year

16 Jul 2021

Tax | Welsh Revenue Authority raises £242m in tax revenue

The Welsh Revenue Authority (WRA) has published its annual report and accounts 2020 to 2021, reporting that £242m in tax was raised during the last financial year to directly fund public services across Wales

12 Jul 2021

Tax | HMRC clarifies claim process for SDLT claims in freeport sites

HMRC has issued guidance on how to claim relief from stamp duty land tax (SDLT) in freeport tax sites once they are approved

9 Jul 2021

Business tax

Tax | Lawyer jailed after £380k stamp duty fraud

The former owner of a West London law firm has been sentenced to three years in prison for stealing £380,000 in fraudulent stamp duty tax returns on client property sales

9 Jul 2021

Called to account

Tax | Tax and residential lease extensions

Mark Cawthron LLB CTA examines the tax implications of residential lease extensions and the changes to the tax reporting and payment rules for disposals of UK residential property

7 Jul 2021

Tax | Recent tax changes UK property investors need to know about

A number of changes to tax rules have added to compliance requirements for property owners and increased tax bills. Andrew Hoban, partner at Allsop, explains

5 Jul 2021

Tax | Stamp duty holiday pushes 1.8m houses into a higher land tax bracket

Intense market activity over the last 12 months has accelerated house price growth, pushing 1.8m UK properties into a higher stamp duty bracket

30 Jun 2021

Tax | First Homes scheme offers 30% discounts underwritten by government

Discounted homes for key workers and local residents will now be available as government launches First Homes scheme providing 30% discounts for first time buyers

4 Jun 2021

Tax | 30-day CGT reporting window struggles with multiple claims

A number of shortcomings in the online reporting for capital gains tax within the 30-day window have emerged, causing cash flow issues for buy-to-let sellers, warns RSM

13 May 2021

Tax | Q&A: ATED and tax compliance on new dwellings

In our weekly Q&A, Vivienne Cheung, tax adviser at Croner Taxwise, examines whether the annual tax on enveloped dwellings (ATED) on high value residential properties is payable

4 May 2021

Tax | House prices show biggest rise for 17 years

Annual house price growth rebounded to 7.1% in April, from 5.7% in March, marking the biggest rise for 17 years, according to the latest Nationwide price index, as stamp duty holiday stimulates sales

30 Apr 2021

Tax | HMRC hands out £1.3m in late filing penalties for CGT

HMRC has issued late filing penalties totalling £1,311,300 since the introduction of the new 30-day tax window for capital gains payment (CGT) in April 2020

30 Apr 2021

HMRC

Tax | Q&A: fair value adjustments and tax

In our weekly Q&A, Croner Taxwise tax advisor Seb Lord assesses the tax liability for intercompany loans where an investment property has devalued

27 Apr 2021

Tax | Capital gains tax on residential property – the 30-day rule

Capital gains tax (CGT) on property is charged at different rates and for residential property, it is now a requirement to report and pay any taxable gains within 30 days of the completion of a sale, warns accountancy firm Alexander & Co

23 Apr 2021