Displaying 1-30 of 48 results
INSIGHTS VIEWPOINT
Wealthy taxpayers asked to check if tax return required
- 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.
INSIGHTS VIEWPOINT
Draft Welsh Budget sets out changes to land transaction tax
- 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).
INSIGHTS VIEWPOINT
Welsh Government consults on new legislative process
- 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
When is a building a dwelling for SDLT purposes?
- Sep 2025
- Sean Randall
- Taxline
Sean Randall picks out the key points from the stamp duty land tax (SDLT) case of Mudan and highlights areas where advisers should take particular care.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
SDLT and farming
- Aug 2025
- Jack Deal & Sam Stent
- Farming and Rural Business Community News
Farmers up and down the country are reviewing the ownership of their land and properties in an attempt to mitigate the effects of the changes to Agricultural Property Relief and Business Property Relief that were announced in the Autumn 2024 Budget and which are now enshrined in draft legislation. An often overlooked tax that needs to be considered when transferring land and property is SDLT.
INSIGHTS VIEWPOINT
“Major win” for HMRC in SDLT case
- Aug 2025
- ICAEW Insights
Following a recent court decision, HMRC is warning homebuyers to take care if they are considering claiming a repayment of stamp duty land tax (SDLT) on the basis that the property is in need of repair.
INSIGHTS VIEWPOINT
Landlords advised not to use tax avoidance scheme
- 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).
INSIGHTS VIEWPOINT
Tips for preparing for MTD for income tax
- 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.
Tax news in brief 12 February 2025
- 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.
INSIGHTS VIEWPOINT
Buyers of residential property to pay more in land tax, warns ICAEW
- Jan 2025
- ICAEW Insights
ICAEW explains why buyers of residential property could face increased liabilities to stamp duty land tax (SDLT), and similar taxes in Scotland and Wales, and highlights an area where mistakes could be made.
Exclusive
TAX FACULTY
Double the SDLT trouble
- Dec 2024
- Sean Randall
- Taxline
Referring to a recent case in which two lots of stamp duty land tax were paid on a single amount of consideration, Sean Randall cautions advisers to take care when it comes to SDLT.
INSIGHTS VIEWPOINT
Residential land tax hike in Wales
- 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.
INSIGHTS VIEWPOINT
Scottish Budget makes income tax changes
- 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
- 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.
Tax news in brief 21 August 2024
- 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.
Tax news in brief 17 July 2024
- 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.
Tax news in brief 5 June 2024
- Jun 2024
- ICAEW
Highlights from the broader tax news for the week ending 5 June 2024, including: HMRC publishes guidance on the abolition of multiple dwellings relief; an update on the VAT refund scheme for museums and galleries; and the Scottish visitor levy has been passed.
INSIGHTS VIEWPOINT
Welsh government consults on LTT multiple dwellings relief
- Apr 2024
- ICAEW Insights
The Welsh government is consulting on several changes to land transaction tax, including the abolition of multiple dwellings relief.
INSIGHTS VIEWPOINT
Draft legislation published for some Spring Budget 2024 measures
- Mar 2024
- ICAEW Insights
The Spring Finance Bill contains legislation which increases the thresholds for the high income child benefit charge and abolishes multiple dwellings relief for SDLT.
INSIGHTS VIEWPOINT
Chancellor abolishes furnished holiday lets treatment and announces stamp duty land tax changes
- Mar 2024
- ICAEW Insights
From April 2025, taxpayers will no longer be able to treat their property business as a furnished holiday let (FHL). Stamp duty land tax multiple dwelling relief (SDLT MDR) will be abolished from 1 June 2024.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Tax Faculty responds to LTT freeports consultation
- Feb 2024
- ICAEW
The draft legislation may not give the Welsh government’s intended outcome for full and partial LTT relief for special tax sites.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
LTT relief for Welsh freeports will be different
- 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.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
Have your say: extending the LTT refund window
- 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.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Tax cut possible, says IFS expert
- Nov 2023
- Helen Miller
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.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Hunt under pressure to deliver tax cuts
- Oct 2023
- Sir Nigel Wilson
Chancellor Jeremy Hunt is leaving a major decision on tax cuts "to the last minute" before next month's Autumn Statement, reported the Mail on Sunday. The Chancellor has reportedly been analysing Office for Budget Responsibility figures to assess whether he has any scope to deliver cuts such as a change to stamp duty rates.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
Constant clashing on mixed usage SDLT
- Oct 2023
- Julie Butler
- Farming and Rural Business Community News
Stamp Duty Land Tax (SDLT) planning is important when buying a farm or selling part of farms “tax efficiently”. SDLT has been both in the headlines and subject to mailshot by “ambulance chasing” tax advisers looking for SDLT refunds. The case of Henderson Acquisitions Ltd v HMRC [2023] (TC8922) is an example of advisers looking for refunds of SDLT following the Bewley (TC6951) case on what qualifies as a derelict/unsuitable building and therefore be able to claim the non-residential rate of SDLT.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
ICAEW supports modernising stamp taxes on shares
- Jun 2023
- ICAEW
HMRC’s consultation follows an earlier call for evidence and considers proposals to modernise stamp taxes on shares. This includes whether to have a single tax on securities, rather than the current stamp duty and stamp duty reserve tax regimes.
Tax news in brief 29 March 2023
- 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.
Tax news in brief 15 February 2023
- Feb 2023
Highlights from the broader tax news for the week ending 15 February 2023, including: Royal Assent of the Stamp Duty Land Tax (Temporary Relief) Act.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Property: ADS: the hidden traps
- 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.
Displaying 1-30 of 48 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.