Displaying 1-30 of 42 results
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.
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.
ICAEW technical round-up: January 2024
- Article
- 30 Jan 2024
- ICAEW Insights
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
Scotland: new LBTT relief and changes to the ADS
- Article
- 23 Jan 2024
- ICAEW
New relief for local authority purchases comes in from 1 April 2024, together with numerous changes to the additional dwelling supplement.
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.
Investment zones and freeports – similarities and differences
- Article
- 04 Sep 2023
- ICAEW
Investment zones were refocused at the Spring Budget 2023. They are intended to grow the economy by focusing on places with significant unmet productivity potential and building on their existing strengths. How do they compare to freeports?
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.
Exclusive
TAX FACULTY
How the higher rates of stamp taxes apply to second homes across the UK
- Article
- 29 Mar 2023
- ICAEW
The differences between how and when the higher rates apply to residential property purchases in England and Northern Ireland, Scotland and Wales go beyond the rates charged. Lindsey Wicks highlights some key variations alongside planned changes in Scotland.
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.
TAX FACULTY
ICAEW REP 028/22 Welsh Government local variation to land transaction tax rates for second homes etc
- Representation
- 21 Mar 2022
- PDF (226kb)
A response dated 21 March 2022 to a consultation published by the Welsh Government on 20 December 2021.
CONSTRUCTION AND REAL ESTATE COMMUNITY
New tax rules for second homes
- Website
- 01 Mar 2022
- Welsh Government
The Welsh Government has announced an increase to the maximum level of council tax premiums for second homes, as well as new local tax rules for holiday lets.
TAX FACULTY
ICAEW REP 003/22 Welsh Taxes Power to modify Bill 26 Jan 2022
- Representation
- 26 Jan 2022
- PDF (167kb)
Comments made by ICAEW on 26 January 2022 in relation to the Welsh Tax Acts Etc. (Power to Modify) Bill 2022.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Land Transaction Tax relief for certain transactions relating to social housing: technical guidance
- Website
- 15 Oct 2021
- Gov.Wales
Guidance on Land Transaction Tax (LTT) relief for certain transactions relating to social housing.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Calculation of Land Transaction Tax payable: technical guidance
- Website
- 15 Oct 2021
- Gov.Wales
This guidance reflects the provisions in Part 3 of the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Claim a refund of Land Transaction Tax higher rates
- Website
- 17 Sep 2021
- Gov Wales
Use this online form to claim back Land Transaction Tax (LTT) paid at the higher rate because you’ve now sold your previous main residence.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Land Transaction Tax: differences to Stamp Duty Land Tax
- Website
- 17 Aug 2021
- Gov Wales
Find out the main differences between Land Transaction Tax (LTT) and Stamp Duty Land Tax (SDLT).
Welsh Revenue Authority
- Website
- 03 Mar 2021
- Welsh Revenue Authority
Reflecting changes proposed in the recent budget.
Displaying 1-30 of 42 results
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