In our regular Q&A series from Croner Taxwise, VAT advice consultant, Sally Atkins explains the background of HMRC’s extension to the notification period for notifying an Option to Tax (OTT)
The Chartered Institute of Taxation (CIOT) is asking the government to consider delaying changes to capital gains tax rules in relation to home sales, to take account of the impact of Covid-19 on the property market
The estimated number of residential property transactions in April was 53.4% lower than April 2019 and 46.1% lower than the previous month this year, as coronavirus restrictions brought the housing market to a halt, HMRC statistics reveal
In our regular Q&A series from Croner Taxwise, VAT adviser, Tony Chamberlain explores the tax implications of deferring rent payments during the Covid-19 pandemic
From 6 April, new capital gains tax rules will have a significant impact on the amount of capital gains tax paid by landlords, who will now need to pay it within 30 days
Second home owners and buy-to-let investors face significant tax changes from the new 2020-21 tax year on 6 April with the 30-day CGT payment window and end of mortgage interest rate relief, in the works since first announced at Summer Budget 2015, reports Sara White
From April 2020 an overhaul of capital gains tax (CGT) will see payment deadlines shortened, reduction of final period exemption and reform of lettings relief. Stephanie Webber CTA, tax writer at Croner-I, analyses the key changes in the context of relevant rulings at tax tribunal
The government has introduced emergency legislation to enact a moratorium on commercial landlord sanctions and debt enforcement for at least three months so that those who cannot pay their rent because of cashflow difficulties related to coronavirus will be protected from eviction, reports Pat Sweet
In a Budget focused on supporting businesses through the current coronavirus crisis, the Chancellor announced a 1% increase in capital allowances under the structures and buildings allowance
In this month’s round up of tax news, TV presenter Eamonn Holmes loses IR35 appeal, accountant loses goodwill dispute with HMRC, Vodafone faces £5.4bn Indian tax bill, Sports Direct swerves Belgian VAT charge and IR35 soft landing penalties
An overhaul of capital gains tax (CGT), halving the final period exemption and restrictions on lettings relief, not to mention possible changes to inter-spousal transfers, will have ramifications for anyone selling or renting property. Julie Butler FCA explains
The abolition of ESC D49 in the upcoming Finance Bill will remove a useful tax break for home owners who cannot immediately move into their homes due to late-running renovations. Yvette Nunn CTA explains
Tax reforms are starting to have an impact on the property investment market, with the estimated number of landlords in the private rental sector falling to a seven-year low
In our regular Q&A series from Croner Taxwise, tax adviser, Ibrahim Nalla explores the implications of capital gains tax on gift giving after compliance changes which will apply from April 2020
