Navigate the intricate landscape of property taxation with expert insights tailored for real estate transactions. Our in-depth resources cover everything from Stamp Duty Land Tax (SDLT) calculations to Capital Gains Tax (CGT) implications, equipping legal practitioners with the tools needed to advise clients effectively and ensure compliance. Stay ahead in the ever-evolving sphere of real estate tax law.
HMRC has updated VAT Notice 700/17 to revise its guidance on claiming input tax for funded pension scheme expenditure. The changes update sections...
This week's edition of Tax weekly highlights includes: (1) News Analysis on Supreme Court’s decision in BlueCrest Capital management, (2) the Taxation...
Tax analysis: In HMRC v BlueCrest Capital Management (UK) LLP, the Supreme Court considered whether the salaried members provisions in Income Tax...
Tax analysis: In Compound Photonics Group Ltd v HMRC, the First-tier Tax Tribunal (FTT) held that the appellant’s VAT group ceased carrying on...
VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
If the words ‘exclusive of VAT’ are omitted from the definition of annual rent, but there is a VAT clause stating: ‘Where this lease requires the...
Residential service charges—VAT implicationsThis Practice Note is about the VAT treatment of residential service charges.Service charges payable to landlordsService charges are often payable to the landlord under a lease or licence, in the same way as rent, and in this case they follow the same VAT
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
0330 161 1234