PROPERTY
Annual Tax on Enveloped Dwellings – What is it?
Annual Tax on Enveloped Dwellings (‘ATED’) is a charge due on a dwelling owned by a company, partnerships with at least one corporate member, or an investment scheme....
Furnished Holiday Lets: Critical Tax Changes from April 2025
Major changes to furnished holiday let tax rules will come into effect from April 2025. These furnished holiday let changes will remove the special status that such...
Capital Gains Tax: Essential Changes for 2024-25 and Beyond
The landscape of capital gains tax changes has evolved significantly over recent months. These capital gains tax changes have major implications for property...
Changes to Option To Tax (OTT) procedures
As of 1 February, HMRC has changed its procedure for notifying an option to tax (OTT) on properties. The two stages to making a valid option remain the same: The...
SDLT rates cut, even for landlords!
SDLT rates cut, even for landlords! The chancellor has announced that the rates of Stamp Duty Land Tax (‘SDLT’) were reduced from 8 July 2020 and will remain reduced until 31...
Structures and Buildings Allowance (‘SBA’) – are they worth the effort?
Structures and Buildings Allowance (‘SBA’) – are they worth the effort? This article deals with the structures and buildings allowance. Originally introduced on 29 October...
Sale of UK Residential Property – Awareness of new rules
The government implemented changes to the Capital Gains Tax (‘CGT’) rules from 6 April 2020 in relation to the sale of UK Residential Property. The previous rules required...
Stamp duty land tax (SDLT)
1. For transactions with an effective date (usually completion) on or after 1 March 2019, the due date for the payment of SDLT is now 14 calendar days after the effective...
Divorce and Property!
Divorce and jointly owned property portfolios If a large portfolio of investment properties are owned by either one or both spouses, it can prove difficult to reach agreement...
ATED – Do you know when your return is due?
Have you completed your 2018-19 ATED return due by 30 April? The Annual Tax on Enveloped Dwellings (“ATED”) applies to companies that own UK residential property valued at...
Landlords and carpets
Do landlords get tax relief when replacing a carpet? This is at face value a simple question but often causes tax advisors difficulty, mostly because the rules keep changing!...
BPR and estates
Business Property Relief for shares can significantly reduce inheritance tax, but careful planning is needed to maximise its benefits. Understanding how to use this relief...