Property tax

Tax / Budget 2018: implementation dates effective November 2018 onwards

Our essential snapshot of the key measures announced in Budget 2018, Spring Statement 2018 and Autumn Budget 2017, including digital services tax, SDLT first time buyers relief extension, amendments to diverted profits tax, off payroll working rules in the private sector reformed

Tax / Plans to close second home business rates ‘loophole’

The government is consulting on plans to close a business rates ‘loophole’ which could be costing English councils millions in lost council tax because of second-home owners claiming small business rate relief on holiday lets which are not, in fact, let out under commercial arrangements

Tax / HMRC consults on aligning stamp duty and SDRT

HMRC plans to extend the market value rule to tackle contrived arrangements when selling shares, announced at Budget 2018

Tax / Stamp duty land tax payment period halved from March 2019

Commercial and residential property owners need to be aware the government is reducing the amount of time allowed to pay stamp duty land tax from 2019

Tax / CIOT criticises Budget for lack of coherence

CIOT has expressed concerns about the way that last week’s Budget was delivered, noting the lack of prior consultation and the number of measures announced as completed with little opportunity to explore their scope and operation

Tax / Selling your home and principal private residence relief

Yet again in Budget 2018, second home owners were targeted with a number of changes to the principal private residence (PPR) relief rules such as halving the exempt period to nine months from April 2020. Courtney Halifax CTA ATT, tax manager at Mercer & Hole, examines the tax implications for anyone selling property

Tax / Budget 2018 briefing: key measures at a glance

In our roundup of Budget 2018 essentials, we review the key tax measures for businesses and individual taxpayers, from a time-limited hike in annual investment allowance to £1m, retention of entrepreneurs’ relief, frozen VAT threshold, a digital services tax for tech giants and an unexpected increase in the personal allowance

Tax / Budget 2018: shared occupancy test for rent-a-room relief rejected

The government has dropped plans to introduce a shared occupancy test to qualify for rent-a-room tax relief, confirmed in Budget 2018

Tax / Fielden: Budget offers something for every property owner

The amendments to property tax in the Budget impact everyone, with homeowners benefitting from SDLT relief and companies given structural buildings allowances, says Mark Fielden, tax partner at Kingston Smith

Tax / Budget 2018: more treat than trick?

Stephen Relf FCA CTA, lead tax writer at Croner-i, takes a look at the key changes announced in Budget 2018, from reform of off-payroll working rules (IR35) in the private sector and business rate cuts to the freeze of the current £85,000 VAT registration threshold until 2022

Tax / Budget 2018: interest provisions for penalties extended to PAYE

The government has amended the interest provisions for late payment, repayment and penalties, bringing PAYE liabilities into the frame in Budget 2018

Tax / Budget 2018: stamp duty land tax relief for first-time buyers extended

As part of the government’s efforts to support first-time buyers, the Chancellor confirmed that the stamp duty land tax (SDLT exemption for first-time buyers will be extended to shared ownership purchases

Tax / Budget 2018: principal residence relief final period exemption

Budget 2018 announced changes to two of the ancillary reliefs in private residence reliefs, specifically those that provide relief on rented property and on gains made in the final period of ownership, regardless of occupancy

Tax / HMRC leads campaign to halt property money laundering

HMRC has initiated a government campaign, in partnership with property industry experts, which is targeting estate agents who fail to report suspicions of dirty money used to buy properties

Tax / Croner-i launches interactive Navigate Tax tool

Croner-i has launched Navigate Tax, a brand new interactive online system packed with practical modules for busy tax practitioners