The Welsh government has updated its guidance on Land Transaction Tax relief for acquisitions involving multiple dwellings. https://www.gov.wales/land-transaction-tax-relief-acquisitions-involving-multiple-dwellings-technical-guidance https://www.gov.wales/land-transaction-tax-relief-multiple-dwellings-guide Related...
HMRC have updated their guidance on this topic in the Capital Gains Manual at CG 64925. https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg64925 Related content from...
The Welsh government has published guidance allowing tax professionals to file LTT returns online. https://www.gov.wales/file-land-transaction-tax Related content from Claritax Books...
September 2023
The Post Office Horizon Shortfall Scheme and Group Litigation Order Compensation Payments (Inheritance Tax Relief) Regulations 2023
September 2023
SDLT – strike-out application – jurisdiction – Warner
September 2023
Stamp duty and stamp duty reserve tax – issue of UK shares onto foreign markets – retention of 0% charge – Treasury publishes draft legislation
September 2023
SDLT – reservation agreement was not an option or a right of pre-emption – residential rate applied – Landmaster Investment Ltd and Al Zoebi
September 2023
Welsh Revenue Authority raises over £400 million in tax revenue for Wales
September 2023
HMRC performance and service levels – IHT
September 2023
SDLT – property in need of renovation was still suitable for use as dwelling – Henderson Acquisitions Ltd
September 2023
IHT – residence nil rate band – HMRC update guidance
September 2023
SDLT – mixed or wholly residential use – garages occupied with dwelling – access to shared garden – Espalier Ventures Property (Lansdowne Road) Ltd
September 2023
CGT exemption for gilts – list updated
September 2023
CGT – daughters introduced as shareholders prior to share exchange – avoidance not a main purpose of scheme – planning effective – no tax on share exchange – entrepreneurs’ relief subsequently available – Wilkinson
September 2023
SDLT – notice of enquiry sent shortly before deadline deemed to have arrived on time – closure notice valid – Langley
September 2023
ATED – return submitted late but not actually required – late-filing penalties not applicable – Derrida Holdings Ltd
September 2023
Stamp duty land tax – letting garage did not make property “mixed use” – Kozlowski
September 2023
Capital gains – HMRC update manual
September 2023
HMRC One to Many/nudge letter – gift holdover relief claim
August 2023
Financial Planning with Trusts 2023-24 – published this week
August 2023
IHT – HMRC update manual for compensation payments
August 2023
Chattels and chattel valuations – updated HMRC guidance
August 2023
Non-resident companies – updated HMRC guidance
August 2023
Land transaction tax – multiple dwellings – updated guidance
August 2023
Completing a stock transfer form
August 2023
CGT – negligible values – updated list to end of July 2023
August 2023
CGT – discovery – penalties – Beesley
August 2023
SDLT – purchase of house and land – garden or grounds – multiple dwellings relief – Gibson
August 2023
IHT – HMRC update interest rates
August 2023
Land and buildings transaction tax – taxpayer must occupy first property for it to be main/only residence for the purpose of reclaiming additional dwelling supplement on second – Duran
August 2023
SDLT – sewerage treatment plant was part of garden and grounds of residential property – Bloom
August 2023
Capital gains tax statistics
August 2023
IHT home loan scheme found to be ineffective – Elborne
August 2023
IHT – claiming the residence nil rate band – HMRC publish guidance
July 2023
IHT – restricted geographical scope of agricultural property relief and woodlands relief
July 2023
Tax treatment of payment for transferring a licensing agreement – Upper Tribunal agrees with HMRC – Jasper Conran and JC Vision Ltd
July 2023
CGT property return – form PPDCGT – trial extended
July 2023
Main residence relief – ownership period – spouses or civil partners and legatees – updated guidance
July 2023
Share exchanges – updated HMRC guidance
July 2023
Wales – land transaction tax and landfill disposal tax – tax avoidance or evasion – Welsh government issues guidance
July 2023
CGT – negligible values – updated list to end of June 2023
July 2023
The Administration of Estates Act 1925 (Fixed Net Sum) Order 2023
July 2023
Inheritance tax – corrective account
July 2023
Wales – land transaction tax – online filing
June 2023
IHT interest rates increasing
June 2023
Land and buildings transaction tax – green freeports – consultation – Scottish government response
June 2023
Inheritance tax – domicile of choice – Shah
June 2023
The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2023
June 2023
90-second overview – IHT exemptions for lifetime transfers
June 2023
90-second overview – variables affecting SDLT rates – residential property
June 2023
Asset depositions of failed tax avoidance scheme not “mistake” that could be set aside – Bhaur
June 2023
IHT – Reporting inheritance tax for excepted estates – new HMRC guidance
June 2023
Capital Gains Tax Manual – HMRC update “capital payments – accommodation”