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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 is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters...
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9th Nov
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
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
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Produced in partnership with Eloise Walker of Pinsent Masons 12th Jan
Practice notes
This Practice Note describes the law and practice relating to elections under section 198 or 199 of the Capital Allowances Act 2001 (CAA 2001), which...
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Produced in partnership with Martin Wilson 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
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
Practice notes
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 12th Jan

Most recent Real estate tax content

Q&As
What are the CGT and SDLT implications of a bare trustee (mother) transferring the entire trust property comprising a number of residential properties...
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13th May
Q&As
A buyer and seller have agreed a discounted purchase price for a property. Is SDLT payable on the original or discounted price and does the analysis...
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13th May
Q&As
Can group relief apply to the transfer of a chargeable interest from a bare trustee to the beneficiary where both parties are companies and members of...
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13th May
Q&As
When a buyer agrees to pay the seller’s legal costs, is VAT on the seller’s legal costs chargeable consideration for SDLT purposes?The general rule is...
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13th May
Q&As
Is SDLT due on the transfer of a freehold from the landlord to a tenant if the tenant is providing no consideration and the landlord is paying the...
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13th May
Q&As
Will SDLT be payable on the transfer of legal title to a property to the beneficial owner where the beneficial owner is assuming liability to pay a...
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13th May
Q&As
How is SDLT calculated when the buyer has entered a raffle to win a house, ie the consideration given by the buyer is the single winning raffle...
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Produced in partnership with Sean Randall of Blick Rothenberg 13th May
Q&As
Did the November 2017 budget changes alter the position for transfers of equity between spouses where, prior to this date, stamp duty land tax would...
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13th May
Q&As
If an individual has claimed multiple dwellings relief (for stamp duty land tax (SDLT) purposes) for a house and a granny annex, can they reclaim the...
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Produced in partnership with Mary Ashley of Old Square Tax Chambers 13th May
Q&As
Where collective enfranchisement relief is available, what figure is used for the chargeable consideration to determine whether it is a notifiable...
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13th May
Q&As
If a property is purchased which comprises the freehold of a house and a 66-year lease of a flat in the same house, will multiple dwellings relief be...
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13th May
Q&As
Would the higher rates for SDLT apply in a collective enfranchisement transaction where one of the qualifying tenants holds multiple properties?There...
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13th May
Q&As
What is the process to follow when the wrong amount of SDLT has been paid?It is the duty of the purchaser of UK land interests to notify HMRC about...
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13th May
Q&As
Is a payment to a tenant by a person other than the landlord on the surrender of the tenant’s lease subject to stamp duty land tax (SDLT) in the hands...
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13th May

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