Real estate tax

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Practice notes
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
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Produced in partnership with Martin Shah of Simmons & Simmons LLP based on material originally written by Charles Goddard of Rosetta Tax LLP 12th Jan
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
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9th Nov
Practice notes
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
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9th Nov
Practice notes
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
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9th Nov
Practice notes
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
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9th Nov
Practice notes
This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
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Produced in partnership with Philip Rutherford 12th Jan
Practice notes
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan
Practice notes
The reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are described in Practice Notes:...
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Produced in partnership with Zoe Feller of Bird & Bird 12th Jan
Practice notes
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
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9th Nov
Practice notes
Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 12th Jan
Practice notes
Plant and machinery allowances are the most widely used form of capital allowance. Plant and machinery is often (wrongly) interpreted as if the terms...
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Produced in partnership with Martin Wilson 12th Jan
Practice notes
Unilateral relief, like double tax relief, aims to relieve double taxation. Subject to certain conditions being satisfied and specific limits,...
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9th Nov
Practice notes
FORTHCOMING CHANGE: HMRC is consulting (13 July to 10 August 2020) on draft regulations to provide a deduction from a UK entity’s equity and...
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Produced in partnership with Charlotte Sallabank of Katten Muchin Rosenman UK LLP 12th Jan
Practice notes
Brexit: This Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU. The Taxation (Cross-border Trade) Act 2018,...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd 12th Jan
Practice notes
Stamp duty land tax (SDLT) ceased to apply to any land transaction involving any interests in or over land in Scotland from 1 April 2015. From that...
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9th Nov
Practice notes
FORTHCOMING CHANGE relating to property rich collective investment vehicles and certain investors: HMRC is consulting until 16 December 2020 on draft...
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9th Nov

Most recent Real estate tax content

Q&As
Interest under section 87 of the Finance Act 2003 is payable on unpaid SDLT after the filing date. The interest rate is set by section 178 of the...
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29th Nov
Q&As
There are various tax aspects to consider when a corporate tenant is granted a reversionary lease including:•Stamp duty land tax (SDLT)•Value added...
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29th Nov
Q&As
As explained in Practice Note: SDLT—multiple dwellings relief, paragraph 7 of Schedule 6B to the Finance Act 2003 (FA 2003) determines what counts as...
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29th Nov
Q&As
The higher rates of the stamp duty land tax (SDLT) apply to the purchase of a major interest in a single dwelling by an individual, if at the end of...
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29th Nov
Q&As
The higher rates will apply to the purchase of a major interest in a single dwelling by an individual, if at the end of the day of purchase,...
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29th Nov
Q&As
The higher 3% rates of stamp duty land tax (SDLT) apply to a purchase of a major interest in a single dwelling by an individual, if at the end of the...
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29th Nov
Q&As
The higher rates of the stamp duty land tax (SDLT) will apply to the purchase of a major interest in a single dwelling by an individual, if at the end...
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29th Nov
Q&As
There is no prescribed form when applying to HMRC to defer SDLT on contingent or uncertain consideration. The application must comply with the...
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29th Nov
Q&As
Stamp duty land tax (SDLT) applies to chargeable land transactions. A land transaction is an acquisition of a chargeable interest (sections 42–43 of...
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29th Nov
Q&As
We assume for the purposes of this question that:•both the buyer and seller are taxable persons and registered for value added tax (VAT)•VAT has been...
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29th Nov
Precedents
Definitions Deferred SDLT has the meaning as set out in clause [insert number] HMRC Her Majesty’s Revenue and...
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26th Sep
Precedents
1 VAT 1.1 Unless otherwise stated in this Agreement: 1.1.1 all references in this Agreement to the...
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26th Sep

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