Property tax

Tax / Taxpayer rights under Human Rights Act explained

HMRC has issued factsheet CC/FS9 on the individual rights of taxpayers who are facing penalties for non-compliance with tax rules, focusing on article 6 of the European Convention on Human Rights

Tax / HMRC clarifies process for paying unpaid tax for deceased landlords

HMRC has updated its Let Property Campaign Service, which allows landlords to disclose and settle any unpaid tax bills, to include information on how to make a disclosure on behalf of someone who has died

Tax / Q&A: transfer of property income to spouse

Croner Taxwise tax adviser Alexandra Fielding examines the tax implications of giving income from investment property to a spouse

Tax / Faster CGT payments may prove problematic for landlords

HMRC proposals to speed up capital gains tax (CGT) payments for residential property sales could cause cashflow and compliance issues for landlords, individuals and investors, warns Nimesh Shah, partner, Blick Rothenberg

Tax / Top ten tips: 2018/19 tax year reliefs

The new tax year only began on 6 April, but individuals should start planning for it now to ensure they do not miss out on valuable allowances that could save them thousands on allowances and tax reliefs

Tax / Making Tax Digital – exploding the myths

While VAT is now at the forefront of HMRC plans for the rollout of Making Tax Digital (MTD), digital reporting will apply to all the main taxes in future and will impact all UK taxpayers. Ian Carpenter and John Forth, VAT partners at RSM, explain potential pitfalls and considerations for businesses and accountants

Tax / Help to Buy extended in Scotland to 2021

The Scottish Help to Buy scheme for first-time buyers and existing home owners is being extended for two years to 2021 with a further £100m investment, helping more people purchase a new-build home without raising a large deposit

Tax / Plans for register of overseas ownership of UK properties revised

The government has provided more details of proposals for a new beneficial ownership register of overseas companies that own UK property or participate in UK government procurement

Tax / SDLT tax avoidance scheme ad branded ‘misleading’

The Advertising Standards Authority (ASA) has upheld HMRC’s complaint about advertising of a tax avoidance scheme by promoter CDP Tax & Wealth Ltd, which trades as Fiducia Wealth and Tax, ruling its adverts contain misleading claims, and must be withdrawn

Tax / Q&A: divorce and property taxes

Croner Taxwise tax adviser Suzanne Rowland examines divorce settlements and selling marital homes, considering tax liabilities and claims for private residence relief (PRR)

Tax / Editor's comment: IHT regime not fit for purpose

As Chancellor Philip Hammond calls for the Office of Tax Simplification (OTS) to simplify the inheritance tax (IHT) regime, Sara White, editor of Accountancy, considers rising IHT payments and various IHT thresholds around the world

Tax / France increases council tax on second homes

Some 100,000 Britons who own second homes in France potentially face a significant hike in council tax under reforms put forward by French president Emmanuel Macron which are designed to discourage short-term holiday rentals

Tax / Panama Paper investigations to net £100m in unpaid tax

HMRC’s investigations into the content of the leaked Panama Papers are expected to generate additional tax of £100m from recalcitrant tax avoiders

Tax / HMRC ups the ante with requirement to correct tax rule

HMRC is ramping up its counter avoidance activity with a mission to target wealthy taxpayers, tough requirement to correct rules and threats of more criminal action against taxpayers, warns Dawn Register, partner in BDO’s tax dispute resolution team

Tax / Tax overhaul for overseas investors in UK real estate

Mark Cawthron LLB CTA, specialist tax writer at Croner-i, examines the plans to tax non-resident investors in UK real estate with the extensions of non-resident capital gains tax liability to companies from April 2019