Real estate tax

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Real estate tax 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

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ARCHIVED: This Practice Note has been archived and is not maintained.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

Many investors in UK property are based outside the UK. The UK real estate sector is attractive to a range of investors, from high net worth individuals acquiring...

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

In the real estate sector, property development is an essential part of the activities of all those involved in the sector, whether it consists of minor refurbishment,...

Practice Note

This Practice Note considers the indirect tax issues which can arise on the development of land. These issues often arise irrespective of whether the land is intended for...

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

1 Construction Industry Scheme—for use where the landlord’s contribution is a reverse premium The Landlord and Tenant acknowledge that the Landlord’s Contribution is a...

Precedents

FORTHCOMING CHANGE: HMRC intends to make wide-ranging changes to the rules on tax penalties, as part of its 'Making Tax Digital' reforms and a wider penalty review,...

Practice Note

The construction industry scheme (CIS) was devised to limit the amount of tax lost as a result of sub-contractors in the construction industry under-declaring or failing...

Practice Note

This Practice Note details the obligations imposed by the construction industry scheme (CIS) rules on contractors, covering the requirement to: • register as a contractor...

Practice Note

This Practice Note sets out the obligations imposed by the construction industry scheme (CIS) rules on sub-contractors, including: • registration • the possibility of...

Practice Note

Whether a property transaction is an investment or trading (ie dealing) activity is of key importance to each of the parties to the transaction since it will dictate how...

Practice Note

The direct tax treatment of landlords and tenants in relation to the grant of leases is considered in Practice Note: Direct tax treatment of leases—grant of a lease. This...

Practice Note

The legal structures of property interests in the jurisdictions of England and Wales, Scotland and Northern Ireland place leases at the centre of any UK property-related...

Practice Note

In many real estate sale and purchase transactions, the consideration for the sale will include an element of overage. Overage can be structured in a number of ways. Its...

Practice Note