Property tax

Tax | Tax issues for buy to let landlords

The tax burden on buy to let landlords has increased significantly from removal of interest relief to higher capital gains tax. Tim Palmer CTA ATT, senior partner, Palmer Consultancy Partnership, explains the key issues to consider

20 Sep 2023

Tax

Property tax

Tax compliance

Tax planning

Tax | Buyer of derelict bungalow loses £12k stamp duty case

A director has lost an appeal against a decision by HMRC which refused his claim for a refund on stamp duty land tax, arguing that his property, which was in need of renovation, was suitable as a dwelling

18 Sep 2023

Tax | Majority of BTL landlords plan to buy through limited company

Three-quarters of landlords who intend to purchase a new rental property in the next year will use a limited company structure to reduce tax bill

8 Sep 2023

Tax

Property tax

Tax planning

Tax | Homeowner loses £134k SDLT appeal

HMRC has won a First Tier Tribunal (FTT) appeal over a disputed stamp duty land tax (SDLT) bill related to whether the property was residential or mixed-use

6 Sep 2023

Tax | Property sales drop 16% in a year risking tax take

Residential property sales fell sharply in the past year as months of interest rate rises squeezed first time buyers out of the market putting vital tax revenues at stake

31 Aug 2023

Tax

Property tax

Tax | Q&A: second property tax and spousal transfers

In this week’s Q&A, Croner-i tax consultant David Woolley, explains the tax implications of principal private residence relief when transferring property between married partners

29 Aug 2023

Tax | Property trust loses £290k tax case

A property trust has lost a case at the Upper Tribunal over the use of a stamp duty land tax avoidance scheme which resulted in a £294,000 tax saving

23 Aug 2023

Tax | Inheritance tax take hits £2.6bn

HMRC raked in £2.6bn in inheritance tax (IHT) receipts between April to July 2023, with receipts in June this year the highest monthly total on record

22 Aug 2023

Tax | HMRC targets overseas property landlords

As part of a wide-ranging compliance campaign, HMRC has sent letters to non-resident corporate landlords who have failed to pay tax on commercial properties

17 Aug 2023

Tax | Property owners lose £63k capital gains tax appeal

A married couple has lost an appeal over a capital gains tax demand issued by HMRC for £63,500 as their tax agent did not understand basics of capital gains tax

16 Aug 2023

Tax | Homeowner loses £83k SDLT appeal

HMRC has won a First Tier Tribunal (FTT) appeal over a disputed stamp duty land tax (SDLT) bill related to whether the property was residential or not

10 Aug 2023

Tax | UK rental market shrinks by 400,000 homes

The UK private rental sector has lost approximately 400,000 rental homes since 2016, as landlords face increasing costs and higher mortgage rates

10 Aug 2023

Tax | Q&A: higher rate stamp duty transactions

In this week’s Q&A, Croner-i tax adviser Vivienne Cheung explains the rules around higher rate stamp duty land tax on property purchases for joint use

8 Aug 2023

Tax

Property tax

Tax compliance

Tax | Airbnb landlords must register properties in Scotland

With only two months to go until the rules on mandatory licences for short-term let landlords come into force, the Scottish government is urging owners to take action

2 Aug 2023

Tax

Property tax

Tax | Q&A: tax relief and forfeited deposits on property purchase

In this week’s Q&A, Croner-i tax adviser Kabita Tank, examines whether tax relief is available when a property purchase falls through and the deposit is lost

18 Jul 2023

Tax | Tax pain makes life difficult for landlords

Landlords of residential property may find themselves needing support as their forecasts and business plans might have been shredded by consecutive interest rate rises, warns Matthew Todd, manager at RSM

17 Jul 2023

Tax | Tax issues for buy to let landlords

Tax | Buyer of derelict bungalow loses £12k stamp duty case

Tax | Majority of BTL landlords plan to buy through limited company

Tax | Homeowner loses £134k SDLT appeal

Tax | Property sales drop 16% in a year risking tax take

Tax | Q&A: second property tax and spousal transfers

Tax | Property trust loses £290k tax case

Tax | Inheritance tax take hits £2.6bn

Tax | HMRC targets overseas property landlords

Tax | Property owners lose £63k capital gains tax appeal

Tax | Homeowner loses £83k SDLT appeal

Tax | UK rental market shrinks by 400,000 homes

Tax | Q&A: higher rate stamp duty transactions

Tax | Airbnb landlords must register properties in Scotland

Tax | Q&A: tax relief and forfeited deposits on property purchase

Tax | Tax pain makes life difficult for landlords

Technical Alerts

Direct Tax | Case report: SDLT avoidance-scheme assessments valid

Direct Tax | Case report: SDLT discovery assessment confirmed

Indirect Tax | HMRC issue NRSDLT surcharge impact assessment

Direct Tax | Autumn Budget 2021: Stamp taxes

Direct Tax | WRA revise technical guidance on LTT

Indirect Tax | LBTT operational update for agents published

Indirect Tax | HMRC update SDLT guidance

Indirect Tax | WRA updates LTT guidance

Direct Tax | Case report: SDLT: existence of woodland did not give rise to mixed use

Direct Tax | Case report: Discovery assessment on SDLT avoidance-scheme users invalid

Direct Tax | Case report: SDLT: claim for multiple-dwellings relief for additional building fails

Direct Tax | Case report: Another claim for SDLT multiple-dwellings relief falls at the first fence

Direct Tax | Case report: Separate auxiliary buildings not suitable for use as single dwelling

Direct Tax | Case report: SDLT: claim for multiple-dwellings relief for additional building fails

Direct Tax | Case alert: SDLT: Claim for multiple-dwellings relief for additional building fails

Direct Tax | Case alert: Discovery assessment out of time on SDLT avoidance-scheme users