Displaying 1-30 of 45 results
Wealthy taxpayers asked to check if tax return required
- Article
- 27 Oct 2025
- ICAEW Insights
HMRC is writing to wealthy taxpayers it believes should have submitted an income tax self assessment (ITSA) tax return for the tax year ended 5 April 2023 but failed to do so.
Draft Welsh Budget sets out changes to land transaction tax
- Article
- 21 Oct 2025
- ICAEW Insights
The Welsh Government has ruled out increases to the Welsh rates of income tax and the thresholds for land transaction tax (LTT) for 2026-27 and has announced changes to LTT multiple dwellings relief (MDR).
Welsh Government consults on new legislative process
- Article
- 06 Oct 2025
- ICAEW Insights
ICAEW’s Tax Faculty explains how you can have your say on the legislative process for making changes to land transaction tax (LTT) and landfill disposals tax (LDT), including the possible introduction of a finance bill process in Wales.
Exclusive
TAX FACULTY
Practical points: personal tax September 2025
- Helpsheets and support
- 04 Sep 2025
- ICAEW
Every month, the Tax Faculty publishes short, practical pieces of guidance to help agents and practitioners in their day-to-day work. This month covers: income tax; and property tax.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Land and Buildings Transaction Tax - property investment funds: consultation
- Website
- 11 Jul 2025
- Tax Directorate
The Scottish government is consulting on three specific issues focussed on the interaction between investment funds and LBTT, including Co-ownership Authorised Contractual Schemes, Reserved Investor Funds and Seeding Relief. The consultation closes on 5 September 2025.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Building Safety Levy (Scotland) Bill
- Website
- 24 Jun 2025
- The Scottish Parliament
There is to be a new tax, the Scottish Building Safety Levy, to be charged on the construction or conversion of residential property developments. Money raised through this devolved tax will be used to fund building safety expenditure in Scotland (a similar tax is being developed in England).
Landlords advised not to use tax avoidance scheme
- Article
- 01 May 2025
- ICAEW Insights
HMRC has warned against the use of a capital gains tax (CGT) avoidance scheme that involves an individual transferring their property business to a limited liability partnership (LLP), which is then put into members’ voluntary liquidation (MVL).
Tips for preparing for MTD for income tax
- Article
- 22 Apr 2025
- ICAEW Insights
Making Tax Digital (MTD) for income tax will be phased in from April 2026 for many individuals with self employment and/or property income. ICAEW’s Tax Faculty explains the steps that agents can take now to prepare for the changes ahead.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Future of the Scottish Landfill Communities Fund
- Website
- 14 Mar 2025
- Scottish Government
The Scottish Landfill Communities Fund (SLCF) is a voluntary tax credit scheme linked to the Scottish Landfill Tax (SLfT). The fund was established to mirror the UK Landfill Tax Communities Fund when SLfT was introduced in 2015 and provides funding for community or environmental projects in recognition of the dis-amenity of landfill activity.
Tax news in brief 12 February 2025
- Article
- 12 Feb 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 12 February 2025, including: a reduction in the rates of interest on tax; the publication of help cards for employers; and changes to land transaction tax.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Land and Buildings Transaction Tax (Additional Amount: Transactions relating to second homes etc.) (Scotland) Amendment Order 2024 (SSI 2024/367)
- Website
- 07 Jan 2025
- Finance and Public Administration Committee
This paper invites the Committee to take evidence from the Minister for Public Finance, in relation to the Land and Buildings Transaction Tax (Additional Amount: Transactions relating to second homes etc.) (Scotland) Amendment Order 2024 (SSI 2024/367), (referred to hereafter as ‘the LBTT Order’).
Residential land tax hike in Wales
- Article
- 11 Dec 2024
- ICAEW Insights
In its Budget for 2025-26, the Welsh government has announced that the rates of land transaction tax (LTT) for some purchases of residential property will increase by 1 percentage point.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Land Transaction Tax rates and bands
- Website
- 10 Dec 2024
- Welsh Revenue Authority
There are different Land Transaction Tax (LTT) rates and bands for different types of property. Welsh Ministers set the rates and bands for LTT. They’re approved by the Welsh Parliament.
Scottish Budget makes income tax changes
- Article
- 09 Dec 2024
- ICAEW Insights
The Scottish government has set out its tax plans for 2025 to 2026, announcing changes to the income tax starter and basic rate bands and an increase in the rate of the additional dwelling supplement for land and building transaction tax (LBTT).
TAX FACULTY
Tax news in brief 27 November 2024
- Article
- 26 Nov 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 27 November 2024, including: updated HMRC advisory fuel rates; new HMRC guidance on Pillar 2; and developments with regard to land transaction tax.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Aggregates Tax and Devolved Taxes Administration (Scotland) Bill
- Website
- 12 Nov 2024
- Ivan McKee
Aggregates is the term used to describe materials, such as sand, rock or gravel, compacted together to be used in construction and other industries. This Bill sets out the aggregates tax to be created for Scotland. The Bill also makes some changes to how existing Scottish taxes work.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Land Transaction Tax Special Tax Sites Relief: summary of responses
- Website
- 22 Oct 2024
- Tax Strategy and Intergovernmental Relations Division
Responses to the consultation on the Welsh Government’s proposals to amend the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017.
Tax news in brief 21 August 2024
- Article
- 20 Aug 2024
- ICAEW Insights
Highlights from the broader tax news for the two weeks ending 21 August 2024, including updates on: requesting overlap relief information from HMRC; the abolition of land transaction tax multiple dwellings relief; and further changes to the legislation providing for the abolition of the pensions lifetime allowance.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Welsh Government consultation: summary of responses
- Website
- 17 Jul 2024
- Welsh Government
Summary report on the public consultation on land transaction tax reliefs.
Tax news in brief 17 July 2024
- Article
- 17 Jul 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 17 July 2024, including: details of the Treasury’s new ministerial team; a change to the rules for land transaction tax; and a new VAT tool from HMRC.
Welsh government consults on LTT multiple dwellings relief
- Article
- 11 Apr 2024
- ICAEW Insights
The Welsh government is consulting on several changes to land transaction tax, including the abolition of multiple dwellings relief.
TAX FACULTY
ICAEW REP 017/24 Consultation on the proposed land transaction tax (LTT) special tax sites relief
- Representation
- 12 Feb 2024
- PDF (247kb)
A representation dated 9 February 2024 to a consultation published by the Welsh Government on 19 December 2023.
LTT relief for Welsh freeports will be different
- Article
- 17 Jan 2024
- ICAEW
Welsh government consultation on land transaction tax (LTT) relief for special tax sites in freeports and investment zones highlights six differences compared to the stamp duty land tax (SDLT) relief in England.
Have your say: extending the LTT refund window
- Article
- 17 Jan 2024
- ICAEW
The Welsh government proposes to extend the three-year exception and refund period for higher land transaction tax (LTT) residential rates in specified circumstances.
TAX FACULTY
ICAEW REP 040/23 Land and Buildings Transaction Tax - Green Freeports Relief: consultation on proposed legislation
- Representation
- 12 May 2023
- PDF (145kb)
A representation dated 11 May 2023 to a consultation published by the Scottish Government on 17 March 2023.
TAX FACULTY
ICAEW REP 029/23 ADS Proposed Amendments
- Representation
- 04 Apr 2023
- PDF (198kb)
A representation dated 4 April 2023 to a consultation published by Scottish Government on 8 February 2023.
Tax news in brief 29 March 2023
- Article
- 28 Mar 2023
Highlights from the broader tax news for the week ending 29 March 2023, including: VAT penalty notices; the removal of the lifetime allowance; making MDR reports; Welsh Freeports; LBTT relief for green freeports; and an LBTT webinar series.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Property: ADS: the hidden traps
- Article
- 10 Feb 2023
- Bob Langridge
It is a misconception that land and buildings transaction tax additional dwelling supplement does not apply to a main residence, and purchasers can be caught out by anomalous rules.
Changes to the main residential rates and bands of Welsh land transaction tax
- Article
- 11 Oct 2022
- ICAEW
The Welsh Government has announced changes to the main residential rates and bands of land transaction tax. The new rates and bands apply to transactions with an effective date on or after 10 October 2022.
ICAEW responds to Welsh Government’s consultation on local variation to land transaction tax rates
- Article
- 22 Mar 2022
- ICAEW
There are better ways to deliver affordable housing than local rates of land transaction tax rates, says ICAEW in response to the Welsh Government’s consultation on local variation to LTT for second homes, short-term holiday lets and other additional residential properties.
Displaying 1-30 of 45 results
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