Direct tax treatment of property ownership

Direct tax treatment of property ownership guidance:

ARCHIVED: This Practice Note has been archived and is not maintained.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

FORTHCOMING CHANGE relating to UK property business and non-UK resident companies: From 6 April 2020, non-UK resident companies will be brought into the charge to...

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

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

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

FORTHCOMING CHANGE relating to UK property business and non-UK resident companies: From 6 April 2020, non-UK resident companies will be brought into the charge to...

Practice Note

FORTHCOMING CHANGE relating to UK property business and non-UK resident companies: From 6 April 2020, non-UK resident companies will be brought into the charge to...

Practice Note

ARCHIVED: This Practice Note gives an overview of the non-resident capital gains tax (NRCGT) charge that applied to certain non-UK resident persons when they disposed of...

Practice Note

The Non-resident Landlords Scheme (NRL Scheme) requires income tax at the basic rate to be deducted from rental payments due to non-resident landlords in respect of a UK...

Practice Note

FORTHCOMING CHANGE relating to collective investment schemes: HMRC consulted from 17 September 2019 to 25 October 2019 on draft regulations that amend the rules for...

Practice Note

At Budget 2016 the government announced rules to tax profits from trading in and developing UK land. The legislation was added to Finance Bill 2016 (FB 2016) in clauses...

Practice Note

A key concern for those engaged in a trade of developing property situated in the UK is the imposition of UK taxation on the profits of that trade. This Practice Note...

Practice Note

The charge to UK corporation tax applies to the profits of both UK and overseas property business. A property business is one that generates income from land and includes...

Practice Note

The charge to UK income tax applies to the profits of both a UK and overseas property business. A property business is one which generates income from land and includes...

Practice Note

ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note covers the anti-avoidance measure for transactions in land which was designed to...

Practice Note

This Practice Note, together with Profits from trading in and developing UK land (transactions in UK land), discusses the anti-avoidance measures designed to target...

Practice Note

The distinction between trading and investment is key in determining the correct tax treatment of transactions involving land or property. Land, more than most other...

Practice Note

For a UK taxpayer carrying on a real estate-related business in the UK, whether it be trading or investing in land, the tax treatment of their financing costs is of prime...

Practice Note

A UK company that has incurred a loss in its UK property business for an accounting period can, in general, use that loss by: • setting it against total profits from the...

Practice Note

FORTHCOMING CHANGE relating to UK property business and non-UK resident companies: From 6 April 2020, non-UK resident companies will be brought into the charge to...

Practice Note

This Practice Note looks at what constitutes a UK permanent establishment (PE) in the context of a trade of dealing in property. Prior to 5 July 2016 a company that...

Practice Note