Corporation Tax Guidance

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Latest Guidance
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28 Jun 2019

OutlineThe calculation of the profits of the rental income business should be in accordance with generally accepted accounting practice (GAAP), subject only to...

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28 Jun 2019

OverviewReal estate income is generally taxed where the property is located; the UK tax treaties generally allow the jurisdiction where the land is located to tax income...

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28 Jun 2019

Non-resident landlords (NRL) are subject to the Non-Resident Landlords Scheme (NRLS). Although the UK does not generally tax non-residents (see the Residence of companies...

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27 Jun 2019

Relief for property business lossUK property business losses are deducted from total profits (if any) in the period in which the loss is incurred.From 1 April 2017, any...

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27 Jun 2019

IntroductionA real estate investment trust (REIT) is in fact not a trust at all; it is a company which qualifies for special tax treatment under CTA 2010, Part 12. REITs...

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27 Jun 2019

OutlineFor income and capital gains tax (CGT) purposes, partnerships are regarded as being tax-transparent, ie they are not taxed in their own right but instead one looks...

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27 Jun 2019

OutlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition...

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27 Jun 2019

General itemsWholly and exclusivelyProfits and losses of a UK property business are computed on broadly the same basis as trading profits and losses. The rule that...

Corporation_tax_img
27 Jun 2019

Development of the lawPrior to April 2013, non-resident companies were typically not within the scope of UK corporation tax on chargeable gains, save in respect of...

Corporation_tax_img10
27 Jun 2019

OutlineA property investor receiving rental income can't deduct from that rental income the cost of the capital expenditure in buying the property, or indeed any...

Latest Guidance
Corporation_tax_img7
Corporation Tax

OutlineThe calculation of the profits of the rental income business should be in accordance with generally accepted accounting practice (GAAP), subject only to...

Corporation_tax_img8
Corporation Tax

OverviewReal estate income is generally taxed where the property is located; the UK tax treaties generally allow the jurisdiction where the land is located to tax income...

Corporation_tax_img3
Corporation Tax

Non-resident landlords (NRL) are subject to the Non-Resident Landlords Scheme (NRLS). Although the UK does not generally tax non-residents (see the Residence of companies...

Corporation_tax_img2
Corporation Tax

Relief for property business lossUK property business losses are deducted from total profits (if any) in the period in which the loss is incurred.From 1 April 2017, any...

Corporation_tax_img2
Corporation Tax

IntroductionA real estate investment trust (REIT) is in fact not a trust at all; it is a company which qualifies for special tax treatment under CTA 2010, Part 12. REITs...

Corporation_tax_img10
Corporation Tax

OutlineFor income and capital gains tax (CGT) purposes, partnerships are regarded as being tax-transparent, ie they are not taxed in their own right but instead one looks...

Corporation_tax_img7
Corporation Tax

OutlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition...

Corporation_tax_img6
Corporation Tax

General itemsWholly and exclusivelyProfits and losses of a UK property business are computed on broadly the same basis as trading profits and losses. The rule that...

Corporation_tax_img
Corporation Tax

Development of the lawPrior to April 2013, non-resident companies were typically not within the scope of UK corporation tax on chargeable gains, save in respect of...

Corporation_tax_img10
Corporation Tax

OutlineA property investor receiving rental income can't deduct from that rental income the cost of the capital expenditure in buying the property, or indeed any...