ICAEW.com works better with JavaScript enabled.

Property tax

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), business rates and stamp duty land tax.

Contents
Back to top
Piles of coins
4 people at a table with paper and pens
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.
Read more
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.
Read more

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.
Read more

Practical guidance

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

TAXguide 02/2024: Taxation of cryptoassets for businesses
  • Technical release
  • 28 Feb 2024
TAXguide covering the UK taxation of cryptocurrency held by businesses including corporation tax, stamp taxes, employment income and VAT.
Exclusive TAXguide 10/21: A guide to principal private residence relief
  • Helpsheets and support
  • 28 Apr 2021
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
  • Technical release
  • 15 Sep 2020
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.
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.

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.

Residential land tax hike in Wales
  • Article
  • 11 Dec 2024
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.
Tax news in brief 11 December 2024
  • Article
  • 10 Dec 2024
Highlights from the broader tax news for the week ending 11 December 2024, including: an evaluation of rent-a-room relief; a new HMRC tool relating to umbrella companies; and an update on freeports.
Scottish Budget makes income tax changes
  • Article
  • 09 Dec 2024
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).
Inside local government budgets: spending
  • Article
  • 02 Dec 2024
In the second of two articles exploring the work of local authority finance teams, ICAEW takes a look at how councils are spending their funds.
View all

Webinars and recordings

 
Emerging opportunities and current pitfalls in the tax regime for property investment and trading
  • Webinar
  • 28 Nov 2023
A hands-on exploration of some common tax issues as well as recent changes in tax which are significant to understand for non-tax specialists in the property sector.
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.
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.
View all

Markel Tax FAQs

Questions and answers on UK tax issues and trends provided by Markel Tax, for eligible members.

Exclusive Base cost of UK property sale by overseas owner
  • Helpsheets and support
  • 04 Oct 2024
FAQ on the base cost of the sale of a UK property bought in 2010, by a client who has been living overseas since 2014.
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.

View all

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 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 Incorporation of a rental property business
  • eBook chapter
  • 2024
  • Jackie Anderson, Mark McLaughlin
  • Incorporating and Disincorporating a Business
A chapter discussing the tax issues to consider when incorporating a rental property business.
Exclusive Stamp taxes
  • eBook chapter
  • 2024
  • 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 Business rates
  • eBook chapter
  • 2024
  • 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 Inheritance tax
  • eBook chapter
  • 2024
  • Jackie Anderson, Mark McLaughlin
  • Incorporating and Disincorporating a Business
Practical advice on the potential implications of business incorporation upon inheritance tax reliefs.
Exclusive Capital allowances: transactions and planning 2024/25
  • eBook
  • 2024
  • Steven Bone, Martin Wilson
Guide explaining the practical and technical aspects of capital allowances and the related tax reliefs on property.
Exclusive Land and property
  • eBook chapter
  • 2024
  • The TACS Partnership
  • Bloomsbury Professional Tax Guide
A chapter on UK taxation of land and property, containing worked examples.
Exclusive Bloomsbury Professional Tax Guide 2024/25
  • eBook
  • 2024
  • The TACS Partnership
  • Bloomsbury Professional Tax Guide
Comprehensive practical guide on the full range of UK taxes, containing worked examples throughout.
Exclusive Taxation of intellectual property (5th edition)
  • eBook
  • 2024
  • Julian Hickey, Zeeshan Khilji
  • Taxation of Intellectual Property
This specialist title provides a comprehensive analysis of the taxation of intellectual property in the UK.
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.

View all

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 Property income
  • eBook chapter
  • 2024
  • 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 and other legislation. 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
  • 2024
  • 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 Estate planning: stamp duty and stamp duty land tax
  • eBook chapter
  • 2024
  • Lesley King
A section outlining the stamp duty and stamp duty land tax issues which one ought to be aware of when advising a client on estate planning. Includes consideration of exceptions and reliefs.
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 Capital gains
  • eBook chapter
  • 2023
  • Telegraph Media Group
  • The Telegraph Tax Guide
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 Inheritance Tax
  • eBook chapter
  • 2023
  • Telegraph Media Group
  • The Telegraph Tax Guide
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 Stamp duty land tax
  • eBook chapter
  • 2021
  • Malcolm James
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 Lease premiums
  • eBook chapter
  • 2021
  • Malcolm James
A short note explaining how to calculate lease premiums under property tax.
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.

View all

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.
Stamp duty land tax, 5th ed.
  • Library book
  • 2024
  • 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.
Tolley's taxwise, 2024-25
  • Library book
  • 2024
  • T. Agnew, et al.
  • LexisNexis
An annual two-volume set offering practical expert guidance on how to approach real-world tax computations. Brings together relevant points from current legislation, case law and other official material. Worked examples and detailed explanatory notes are included to illustrate complex points.
How to save property tax, 2024-25
  • Library book
  • 2024
  • C. Bayley
  • Taxcafe UK
Tried and tested tax saving ideas which will help you pay less income tax, capital gains tax and stamp duty land tax on your property investments.
Tolley's property taxation, 2024-25
  • Library book
  • 2024
  • P. Beckett, et al.
  • LexisNexis
A guide to all relevant taxes and how these taxes can interact, providing authoritative answers to all your queries. Covers property investments, development, redevelopment, refurbishment and maintenance, Islamic funding structures, and more.
Tolley's stamp taxes, 2024-25
  • Library book
  • 2024
  • P. Cannon
  • LexisNexis
An annual book providing in-depth but straightforward coverage of Stamp Duty Land Tax (SDLT), the Annual Tax on Enveloped Dwellings (ATED), stamp duties and Stamp Duty Reserve Tax (SDRT).
Furnished holiday lettings: a tax guide, 5th ed.
  • Library book
  • 2024
  • J. Endacott
  • Claritax
A guide to all of the special tax rules that apply in relation to furnished holiday properties. This latest edition considers the practical implications of the abolition of the special FHL regime from April 2025, and covers new case law and other developments.
Property investment: a tax guide, 2024-25
  • Library book
  • 2024
  • 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).
Tolley's orange tax handbook, 2024-25
  • Library book
  • 2024
  • 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.

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 088/24 Finance Bill 2024-25: Clauses 50-53 - Stamp duty land tax - Increased rates for additional dwellings
  • Representation
  • 11 Dec 2024
  • PDF (171kb)
A briefing for MPs on the Finance Bill by ICAEW Tax Faculty.
ICAEW REP 087/24 Finance Bill 2024-25: Clause 25 and Schedule 5 - Furnished holiday lettings
  • Representation
  • 11 Dec 2024
  • PDF (209kb)
A briefing for MPs on the Finance Bill by ICAEW Tax Faculty.
ICAEW REP 065/24 ICAEW Autumn Budget submission 2024
  • Representation
  • 18 Sep 2024
  • PDF (313kb)
Ahead of the Budget on 30 October, ICAEW has published its submission to the Chancellor. ICAEW urges the government to put incentivising growth at the heart of the Budget, with recommendations including: long-term fiscal planning, a fundamental review of the tax system and investment in skills and green technologies.
ICAEW REP 068/24 Furnished holiday lettings tax regime abolition
  • Representation
  • 13 Sep 2024
  • PDF (149kb)
A comment dated 13 September on the draft legislation, draft explanatory note and policy paper covering the furnished holiday lettings tax regime abolition published by HMRC on 29 July 2024.

Watch a Tax Faculty webinar

Webinars and videos have been designed by the Tax Faculty to provide practical guidance to practitioners on important developments to tax practice and policy.

You can register for Tax Faculty webinars by visiting our events page.
Register now
Cameraman filming

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.

Land Transaction Tax
  • Website
  • 29 Apr 2024

Our range of guidance and services for Land Transaction Tax and Landfill Disposal Tax.

Land and Buildings Transaction Tax
  • Website
  • 29 Apr 2024

LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial properties and commercial leases) where a chargeable interest is acquired.

Business rates in Northern Ireland
  • Website
  • 21 Feb 2024
Information on business rates in Northern Ireland from nibusinessinfo.co.uk, a free service offered by Invest Northern Ireland.
Business Rates in Wales
  • Website
  • 21 Feb 2024
Non Domestic Rates (NDR) are also known as business rates and are taxes to help pay for local services. These are charges on most non domestic properties. If you pay business rates, your property may be eligible for business rates relief.

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.

Looking for support?

Faculty exclusive
Two women staring at a computer screen
TAXconnect

Search for a consultant to help you with a specific technical tax problem. TAXconnect works on a telephone ‘hotline’ system, whereby consultants offer advice to Tax Faculty members on tax problems for a nominal fee.

Find out more
Library & Information Service
Compass on an orange background
Can't find what you're looking for?

The ICAEW Library can give you the right information from trustworthy, professional sources that aren't freely available online. Contact us for expert help with your enquiries and research.

Information

Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.