Property tax

Tax / Q&A: property rental tax points and unpaid rents

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

Tax / New property CGT rules hit buy-to-let sector

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

Tax / Buy to let landlords and second home owners face tax hikes from 6 April

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

Tax / Capital gains tax on property: 6 April changes

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

Tax / Covid-19: moratorium on evictions by commercial landlords

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

Tax / Budget 2020: structures and buildings allowance rate increased

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

Tax / Tax updates: March 2020

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

Tax / What you need to know: tax changes for property owners

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

Tax / Nunn: tax on a dangerous cliff edge

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 / Tax changes see private landlord numbers slump

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

Tax / Q&A: CGT and gifts

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

Tax / HMRC trials online CGT payment system for 30-day change

The payment window for capital gains tax (CGT) on the sale of second homes and buy-to-let residential properties is being cut to 30 days

Tax / Threshold frozen for higher rate Scottish taxpayers

Scotland plans to raise the income tax threshold for basic and intermediate taxpayers in line with inflation from April 2020 but top earners will see the figures frozen

Tax / Brexit subdues property tax take

Brexit had a dampening effect on stamp duty land tax (SDLT) receipts at the end of last year with the figure flatlining at £3.3bn, less than 1% ahead of the tax take recorded in the same quarter in 2018

Tax / Tax on non-resident UK land sales - CPD module

This month's exclusive Accountancy Daily CPD module focuses changing tax rules for non-residents planning to sell UK property for individuals, trustees and companies