On 15 August 2019 HMRC published guidance to provide more insight into the new rules around tax relief for the cost of building, buying or leasing a structure or building. The new rules will apply where contracts are signed on or after 29 October 2018 and allow 2% tax relief a year, on certain costs incurred on its purchase, construction or renovation.
Taxation - Residential
Articles and resources relating to taxation in the real estate sector.
For transactions with an effective date falling on or after 1 March 2019, the due date for payment of the SDLT has changed to 14 days.
Get help if you’re a tax agent or adviser who has clients with property rental income to declare on Self Assessment tax returns.
An important decision was made at a First-tier Tribunal in the case of PN Bewley Ltd V HMRC.
A response dated 6 May 2019 to a consultation published by HMRC on 11 February 2019.
A response dated 20 May 2019 to a consultation published by HMRC on 1 April 2019.
This measure makes changes to a number reliefs that are ancillary to the main Capital Gains Tax private residence relief.