Property tax

Tax / Budget 2017: implementation dates effective November 2017 onwards

Our essential snapshot of the key measures announced in Budget 2017, Finance Bill 2017/18 and NICs Bill including CGT indexation allowance, SDLT and rise in R&D tax relief

Tax / Cullinane: Chancellor’s approach to policy must be more consultative

As the Chancellor leans on anti-avoidance and evasion measures to raise revenue, CIOT tax policy director John Cullinane raises concerns over the way some policies in the Budget were formed

Tax / Budget 2017: rather more than first meets the eye

Mark Cawthron LLB CTA assesses the first autumn Budget in 20 years, outlining the key measures and stressing that a far from radical Budget actually disguised a number of significant tax measures 

Tax / Budget 2017: avoidance and evasion priorities for government

Meg Wilson CTA, specialist tax writer at Croner-i, unpicks the key avoidance and evasion measures announced in the Budget including disguised remuneration, abuse of the NICs employment allowance and related party schemes involving intangibles

Tax / Budget 2017: what’s new in property taxes

Croner-i tax experts review the key property tax measures announced in the autumn Budget from CGT on non-residents’ gains to ATED rises and stamp duty abolition for first-time buyers purchasing properties valued under £300,000

Tax / Budget 2017: capital gains tax - key measures

Stephen Relf CTA FCA reviews the Budget announcements affecting capital gains tax and business-related CGT increases, including changes to depreciatory transactions and freezing the capital gains indexation allowance at CPI

Tax / Dodwell: the iceberg Budget

There was little in the way of substantive announcements in the Budget and many with an arguably small impact on Exchequer but significant changes lurk beneath the surface, warns Bill Dodwell, head of tax policy at Deloitte

Tax / Budget 2017: ATED rates set to rise in line with inflation

The annual chargeable amounts for the annual tax on enveloped dwellings (ATED) for properties over £500,000 held in companies will be increase by 3% 

Tax / Budget 2017: business rates to be linked to CPI instead of RPI

Several changes to the business rates regime including shorter intervals between revaluations and a switch from the Retail Price Index (RPI) to the Consumer Price Index (CPI) have been announced by the Chancellor as part of the Budget

Tax / Budget 2017: higher rate SDLT rules clarified for divorce-related sales

The Chancellor has introduced a measure to grant relief from tax due under the higher rates of stamp duty land tax (SDLT) in certain cases, including where a divorce related court order prevents someone from disposing of their interest in a main residence

Tax / Budget 2017: higher rate threshold rises to £46,350

Chancellor Philip Hammond has announced that the income tax personal allowance will rise for the eighth year in a row to £11,850, and the higher rate threshold will increase to £46,350, from April 2018

Tax / ‘No fireworks’ in Wednesday’s Budget

The first autumn Budget for two decades, taking place on Wednesday, is widely predicted to be something of a damp squib, with the Chancellor concentrating on support for housing and the younger generation rather than significant tax changes

Tax / Dencher on VAT: is a lean-to an annex or extension?

In Litton & Thorner’s Community Hall [2017] TC 06101, the First Tier Tribunal (FTT) allowed the appeal against HMRC’s decision that zero-rating did not apply to the construction of a lean-to, which amounted to an annex to the original building. Stanley Dencher FCA CTA (Fellow) AIIT considers the ruling

Tax / Interest rate rise hits buy-to-let landlords

The increase in interest rates will land yet more pain for buy-to-let landlords already facing significant changes to income tax relief on residential property. Jackie Hall ACA CTA, partner at RSM, considers the immediate impact of a rise in mortgage interest rates

Tax / Stamp duty and Brexit dampen property market

Brexit worries and the general election result have taken their toll on the UK-based property and construction sector, with half of businesses viewing the impact as negative and just 9% as positive