Property taxes

Featured guidance
Property taxes guidance:

The higher rate of stamp duty land tax (SDLT) for high-value residential property (the 15% rate) was introduced as part of a package of measures aimed at making it less...

Practice Note

The higher rates of stamp duty land tax (SDLT) apply to: • purchases of certain additional residential properties by individuals, and • purchases of residential...

Practice Note

What is the annual tax on enveloped dwellings? The annual tax on enveloped dwellings (ATED) was introduced as part of a package of measures aimed at making it less...

Practice Note

[To be printed on headed notepaper of applicant including full contact details] HMRC SDLT Deferment Applications [[insert relevant HMRC address]] United Kingdom Dear...

Precedents

The basic charge to ATED is explained in Practice Note: ATED—the basics. This Practice Note summarises how ATED is administered and the steps taxpayers need to take in...

Practice Note

What reliefs and exemptions are available? The basic charge to ATED is explained in Practice Note: ATED—the basics. A number of reliefs and exemptions are available from...

Practice Note

Discretionary relief Under section 47 of the Local Government Finance Act 1988 (LGFA 1988), charities occupying commercial property qualify for a mandatory 80% discount...

Practice Note

Empty properties: rates With effect from 1 April 2008 there is: • 100% relief for a qualifying industrial hereditament for the first six months that they are empty...

Practice Note

Produced in partnership with Martin Wilson 1 Capital allowances 1.1 In this clause 1: CAA 2001 means Capital Allowances Act 2001 Fixtures means those items forming part...

Precedents

Produced in partnership with Martin Wilson 1 Capital allowances—for use where the Seller has claimed plant and machinery allowances and the parties will enter into a s...

Precedents

This Practice Note is about capital allowance-related pre-contract enquiries on a property transfer. It applies to the grant of a new property interest (eg a lease) as...

Practice Note

This Practice Note sets out how the capital allowances rules interact with the rules relating to: • capital gains tax, including corporation tax on chargeable gains (CGT)...

Practice Note

ARCHIVED: This Practice Note has been archived and is not maintained. The annual tax on enveloped dwellings (ATED) was introduced in Finance Act 2013 (FA 2013) as part of...

Practice Note

Business asset Capital gains tax (CGT) may be payable on a gain from the disposal of all or part of a business asset. What is a business asset? A business asset is an...

Practice Note

Entrepreneurs' relief is a capital gains tax (CGT) relief designed to encourage individuals to set up and expand their own businesses. Provided that the conditions are...

Practice Note

Introduction A charge to capital gains tax (CGT) arises when a chargeable person makes a chargeable disposal of a chargeable asset. The disposal may produce a gain or a...

Practice Note

Basic principle An individual works out the gain or loss when land is disposed of in the same way as for other assets. There are some special rules for working out gains...

Practice Note

HM Revenue and Customs [Insert HMRC address] [Insert date] Dear [insert organisation name] I am writing to notify you of my election that the following property be...

Precedents

FORTHCOMING CHANGE: As originally announced at Budget 2018, the government ran a consultation between 1 April and 1 June 2019 on proposals to curtail capital gains tax...

Practice Note

FORTHCOMING CHANGE: As originally announced at Budget 2018, the government ran a consultation between 1 April and 1 June 2019 on proposals to curtail capital gains tax...

Practice Note

FORTHCOMING CHANGE: As originally announced at Budget 2018, the government ran a consultation between 1 April and 1 June 2019 on proposals to curtail capital gains tax...

Practice Note

FORTHCOMING CHANGE: The fifth anti-money laundering directive (5MLD) was published in the EU Official Journal on 19 June 2018 and came into force on 9 July 2018. The...

Practice Note

Exemption from SDLT can be claimed for land transactions between bodies corporate which are members of the same group for SDLT purposes at the effective date (generally,...

Practice Note

This Practice Note is about the VAT issues that arise in commercial developments. It first considers a straightforward unproblematic scenario, and then looks at: •...

Practice Note

This Practice Note is about the VAT treatment of non-residential service charges. General position Service charges are typically payable to the landlord under a lease or...

Practice Note

This Table provides an overview of the direct tax treatment (ie corporation tax, income tax or capital gains tax treatment) of owning freehold or leasehold commercial...

Practice Note
Trending Topics
In-House COVID-19