People in an office meeting room, with someone presenting graphs on a large screen

Overpayments of CGT following self assessment

Self assessment tax return filers who have also submitted a capital gains tax (CGT) UK property return may end up in an overpayment position. ICAEW’s Tax Faculty recaps the process for claiming a CGT repayment.

Exclusive

TAXguide 10/21: A guide to principal private residence relief

Questions around the tax treatment of someone’s principal private residence (PPR) arise with frequency and all too often the answer is not as straightforward as might first appear. This guide considers the core rules, the traps and the key items to be aware of to help clients through this area of tax law.

TAXguide 15/20: CGT UK property disposal reporting

The requirement for UK residents to report and pay capital gains tax (CGT) on disposals of UK residential property separately from the self assessment tax return was introduced in April 2020. The deadline is 60 days for all completions on or after 27 October 2021.

Practical guidance

ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax.

Exclusive TAXguide 10/21: A guide to principal private residence relief

Helpsheets and support
28 Apr 2021

TAXguide 15/20: CGT UK property disposal reporting

Technical release
15 Sep 2020

TAXguide 11/20: IHT on overseas property representing UK residential property

Technical release
29 Jun 2020

An update to guidance from ICAEW, STEP, CIOT and The Law Society on areas of uncertainty in the statutory provisions for Inheritance Tax on Overseas Property Representing UK Residential Property introduced by Finance Act (No 2) Act 2017.

TAXguide: 06/20 Spring Budget 2020

Technical release
12 Mar 2020

Rishi Sunak delivered his first Budget of 2020 on 11 March. The Tax Faculty provides its summary of all the key tax announcements in this TAXguide.

Features and articles

Expert commentary and practical guidance from ICAEW related to the taxation of property in the UK regime, covering areas such as: ATED (annual tax on enveloped dwellings) and stamp duty land tax.

Business property taxes, including business rates, can now be found on their own page.

Exclusive Tax advantages and pitfalls of an earn-out

Article
01 Dec 2023

James Moore describes the use of an earn-out in M&A transactions and highlights the risk of reclassification as earnings.

Tax news in brief 8 November 2023

Article
07 Nov 2023

Highlights from the broader tax news for the week ending 8 November 2023, including: HMRC’s marriage allowance calculator; council tax for HMOs; and pillar two education letters.

Exclusive How does tax in the UK compare to other countries?

Article
03 Nov 2023

Tax policy will remain in the headlines in the run-up to the next general election. But how does the UK compare internationally on tax and what might the political parties learn from looking to their international counterparts?

Tax cut possible, says IFS expert

Article
01 Nov 2023

Despite Chancellor Jeremy Hunt saying it will be “virtually impossible” to cut taxes until the economic outlook improves, the deputy director and head of tax at the Institute for Fiscal Studies says it remains possible for individual taxes to be cut as early as the Autumn Statement. Writing in the Daily Telegraph, Helen Miller said individual measures could be considered, such as reforming stamp duty, council tax, or increasing taxes on capital gains.

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Webinars and recordings

Tax Talk with Rebecca Benneyworth: Part II

Webinar
12 May 2021

This session with Rebecca Benneyworth will focus on furnished holiday let (FHL) tax, tax admin framework, capital gains tax 30 day rule and environmental taxes.

Exclusive Changes to CGT on residential property

Webinar
17 Mar 2020

PwC's Gillian Banks, Vicky Smallwood from PKF Francis Clark and Frank Haskew, Head of ICAEW Tax Faculty, explain the new rules on capital gains tax (CGT) on residential property.

Buy to Let is dead Long live Buy to Let

Webinar
18 Nov 2019
PDF (1,286kb)

Webinar slides

TAXbite: Rent a Room Relief

Webinar
01 Nov 2019

This free TAXbite explains the rules for rent a room relief and how to apply if you or your client qualifies.

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Markel Tax FAQs

Questions and answers on UK tax issues and trends from the ICAEW Tax and VAT Helpline, a subscription service provided by Markel Tax.

Exclusive SDLT and sole ownership

Helpsheets and support
05 Dec 2023

FAQ on whether a married couple, who live jointly in a house owned solely in the wife's name, can avoid paying the higher rates of stamp duty land tax, if they buy their new property solely in the husbands name, whilst keeping the original property to rent out.

Exclusive Spouse transfer and private residence relief

Helpsheets and support
02 Nov 2023

FAQ onthe new rules regarding disposals made between married or divorced couples who are no longer living together on or after 6 April 2023.

Exclusive Affect of second property on SDLT

Helpsheets and support
09 Jun 2022

FAQ on whether a client who is currently in the middle of selling their main home and purchasing their new home, will be affected by an additional SDLT percentage, as they also own an additional residential property which they rent out to tenants.

Markel Tax FAQs are correct at the time of going to press. To check current validity, please call the ICAEW Tax and VAT Helpline.

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Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.

Exclusive Stamp taxes

eBook chapter
2023
Jackie Anderson, Mark McLaughlin
Incorporating and Disincorporating a Business

Practical advice on stamp taxes, including stamp duty land tax (SDLT) in England or Northern Ireland, land and buildings transaction tax (LBTT) in Scotland and land transaction tax (LTT) in Wales, in relation to incorporating or disincorporating a business.

Exclusive Inheritance tax

eBook chapter
2023
Jackie Anderson, Mark McLaughlin
Incorporating and Disincorporating a Business

Practical advice on the potential implications of business incorporation upon inheritance tax reliefs.

Exclusive Incorporation of a rental property business

eBook chapter
2023
Jackie Anderson, Mark McLaughlin
Incorporating and Disincorporating a Business

A chapter discussing the tax issues to consider when incorporating a rental property business.

Exclusive Business rates

eBook chapter
2023
Jackie Anderson, Mark McLaughlin
Incorporating and Disincorporating a Business

A section on business rates for smaller businesses operating from home, covering the circumstances in which home-based businesses are exempt from business rates.

Exclusive Wales - land transaction tax

eBook chapter
2023
Andrew Evans, Ken Wright
Stamp Taxes

A chapter providing an outline of Land Transaction Tax (LTT), which applies to most transactions over land in Wales from 1 April 2018.

Exclusive Scotland - land and buildings transaction tax

eBook chapter
2023
Andrew Evans, Ken Wright
Stamp Taxes

A chapter providing an outline of Land and Buildings Transaction Tax (LBTT) in Scotland.

Exclusive Agricultural, business and heritage property relief

eBook
2023
Chris Erwood
Agricultural Business and Heritage Property Relief

Expert guide to the rules of inheritance tax relief for business, farm, woodland and heritage property.

Exclusive Capital allowances: transactions and planning 2023/24

eBook
2023
Steven Bone, Martin Wilson

Guide explaining the practical and technical aspects of capital allowances and the related tax reliefs on property.

Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

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eBooks

The ICAEW Library & Information Service provides a collection of eBooks as a benefit of membership. Please log in to access these titles. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.

Exclusive The National Non-Domestic Rate

eBook chapter
2023
IBFD
Global Corporate Tax Handbook

A short section providing an overview of the National Non-Domestic Rate (NNDR) — commonly known as 'business rates' — in the UK. Includes coverage of how business rates are calculated, and the various reliefs available.

Exclusive Inheritance Tax

eBook chapter
2023
Telegraph Media Group

A chapter summarising the basics of Inheritance Tax — what it must be paid on, rates of tax, and relevant exemptions and reliefs. The author gives tax saving tips, and illustrates points with real-world examples.

Exclusive Capital gains

eBook chapter
2023
Telegraph Media Group

A chapter summarising the basics of Capital Gains Tax — what it must be paid on, rates of tax, and relevant allowances and reliefs. The author gives tax saving tips, and illustrates points with real-world examples.

Exclusive Property income

eBook chapter
2022
Malcolm James
Taxation of Small Businesses

An overview of taxation of property as it pertains to small businesses in the UK, determined by the Income Tax (Trading and Other Income) Act 2005. This chapter has sections on the basis of assessment, relief for capital expenditure, losses, and furnished holiday lettings (FHLs).

Exclusive Capital Gains Tax and chargeable gains

eBook chapter
2022
Malcolm James
Taxation of Small Businesses

A detailed chapter on Capital Gains Tax, intended for advisors to small businesses. Includes sections on exemptions, reliefs, offsetting, allowable costs, valuation of assets, and more. Some points are illustrated with worked examples.

Exclusive Lease premiums

eBook chapter
2021
Malcolm James
UK Tax System - An Introduction

A short note explaining how to calculate lease premiums under property tax.

Exclusive Stamp duty land tax

eBook chapter
2021
Malcolm James
UK Tax System - An Introduction

A short overview of stamp duty land tax (SDLT) payable on UK land transactions, with a brief note on stamp duty reserve tax (SDRT).

Exclusive Property income

eBook chapter
2021
Malcolm James
UK Tax System - An Introduction

Brief chapter introducing the taxation of property income, with subsections on lease premiums, the kinds of expenditures which are tax deductible, relief for certain capital expenditures, loss relief, and furnished holiday lettings.

Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

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Articles and books in the ICAEW Library collection

The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on property tax. A selection of recent books on this topic is set out below.

Tolley's orange tax handbook, 2023/2024

Library book
2023
R. Cordara (ed.)
LexisNexis

Annual two-volume work containing the latest indirect tax legislation. It includes up-to-date legislation and technical material relating to value added tax, stamp taxes, insurance premium tax, landfill tax, aggregates levy and climate change levy.

An essential guide to the general principles of SDLT

Library book
2023
S. Randall
LexisNexis

A Tax Digest from Tolley covering Stamp Duty Land Tax (SDLT), the tax on transactions in property and land in England and Northern Ireland.

Selling property overseas

Library book
2023
R. Durrant-Walker
LexisNexis

A brief guide to taxation in cases where UK-resident individuals or companies dispose of land or property abroad (both residential and commercial). Also covered are circumstances under which individuals may have periods of temporary non-residence or be non-domiciled.

Property investment: a tax guide, 2023-24

Library book
2023
S. Chanda
Claritax Books

This book explains the various tax issues associated with each stage of the lifecycle of property ownership, from acquisition to eventual disposal. Worked examples are provided, and references are made to relevant legislation and case law. The Library also holds the previous edition (catalogued separately).

Stamp duty land tax, 2023-24

Library book
2023
J. Feaster
Claritax Books

This annual handbook provides practitioners with expert and up-to-date guidance on Stamp Duty Land Tax (SDLT), with reference to relevant legislation, case law and guidance from HMRC. The 2023-24 edition has been fully updated to take account of amended SDLT rates and other statutory developments, and additional case law and HMRC commentary has been added on various topics.

Using a property company to save tax

Library book
2023
C.Bayley
Taxcafe UK

This new edition has been completely rewritten and contains a wealth of new tax planning information for existing company owners. It covers all the expenses property companies can claim, how to save tax when you extract money from your company and all the tax reliefs that can be claimed when properties are sold. For those thinking about setting up a property company, the guide looks at all the tax benefits, pitfalls, and practical issues, including how to get existing properties into a company.

Tax implications on family breakdown, 2nd ed.

Library book
2023
S. Thomas, J. Pirrie
Bloomsbury Professional

This book addresses a range of tax-related problems which often arise in financial remedy cases, with the aim of assisting tax and family law practitioners in ensuring that all necessary information is available to the court, or within alternative dispute resolution processes. Includes guidance on what to expect from the process of working as a Single Joint Expert.

Stamp duty land tax, 4th ed.

Library book
2023
C. Cox, R. Woolich
Sweet & Maxwell

This book provides a clear explanation of the rules relating to Stamp Duty Land Tax, to help practitioners comply with the technicalities of the relevant legislation. Practical examples are given to clarify how the law works and what needs to be done in particular situations.

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

Representations

ICAEW REP 061-23 Stamp taxes on shares modernisation

Representation
22 Jun 2023
PDF (279kb)

A representation dated 22 June 2023 to a consultation published by HMRC on 27 April 2023.

ICAEW REP 055-23 Ecosystem markets

Representation
08 Jun 2023
PDF (291kb)

A representation dated 8 June 2023 to a consultation published by HM Treasury on 15 March 2023.

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.

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.

Useful links

Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.

Self Assessment: detailed information on GOV.UK

Website
27 Nov 2023

Information, guidance and forms relating to various aspects of the Self Assessment system.

Check if you can claim relief from Stamp Duty Land Tax in Freeport tax sites

Website
09 Jul 2021

Information for businesses buying land or buildings in a Freeport tax site on how to qualify for SDLT relief, how much they can claim, how to claim, and examples.

Stamp Duty Land Tax relief for Freeports

Website
03 Mar 2021

Measure introduced in Budget 2021 offering full relief from SDLT on the purchase of land or property within Freeport tax sites in England, once they have been designated.

Stamp duty and other tax on property

Website
18 Jun 2018

HMRC hub with links to guidance on filing SDLT returns, tax on specific transactions, stamp duty before December 2003, and exemptions.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.

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