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.

In this section

Features and articles

More tax issues affecting farmers

Farming specialist Wayne Glenton looks at the use of limited companies, land ownership and other tax issues affecting farmers, including land ownership and tenancies, the herd basis, the Mars adjustment and farmers averaging.

How do business rates work?

Business rates are a major tax on business, but might be overlooked by accountants. They are excluded from the tax expense shown in accounts and might not be considered as part of tax planning. Find out more about the current UK business rates regime, including how rates are calculated and why is it hard to know exactly what a business owes.

Practical and technical tax issues when acting for farmers

Farming tax specialist Wayne Glenton looks at some practical and technical issues, including taxation in agriculture, inheritance tax – business property relief and agricultural property relief – partnerships, trade vs investment, CGT: entrepreneurs’ relief and gift hold-over relief.

ICAEW / CAAV annual dinner

Representatives discussed topics including: the Autumn Budget/Spring Statement, the IFF Report to HMRC on IHT reliefs, the complexity of the IHT nil rate residence band, entrepreneurs’ relief, limitations of rollover relief claims , Brexit and the DEFRA paper on the future of food, farming and the environment.

Webinars and recordings

UK Property Tax Update webinar

Rebecca Benneyworth's on demand webinar covering changes to the taxation of residential and investment property.

Property taxes update

Following on from our popular property taxes webinar in 2016 and 2017 we are running a follow up which will concentrate on let property, looking in particular at the different taxes affecting the buy to let property owners picking up on all the recent changes.

TAXtalk February 2018

On this month's edition, the TAXtalk panel will discuss the General Data Protection Regime (GDPR), tax relief for training and rent-a-room relief.

TAXtalk December 2017

In this edition of TAXtalk, the Tax Faculty discuss the latest Finance Bill, as well as current consultations on rent-a-room relief, MTD and intellectual property.

Abbey Tax FAQs

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

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

TAXguide 13/18: IHT on overseas property

Finance (No 2) Act 2017 introduced significant changes to the taxation of foreign domiciliaries. In TAXguide 13/18 ICAEW, STEP, the CIOT and the Law Society have published questions and draft suggested answers to highlight and consider areas of uncertainty in the statutory provisions covering the extension of inheritance tax (IHT). Read a summary here and download the full guide.

TAXguide 01/17: Let property

This TAXguide provides guidance on the tax issues connected with let property from the point of view of the landlord. It concentrates on residential property and is aimed at practitioners who are advising individuals who have bought property as an investment, rather than commercial property development businesses. Read a summary here, Tax Faculty members can download the full guide.

The 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.

Property income

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).

Capital allowances on plant and machinery

An outline of allowances for small businesses provided under the Capital Allowances Act 2001. This chapter covers business premises renovation allowance, qualifying expenditure, qualifying building, and other relevant matters.

Income from property

This chapter shows how a UK taxpayer's property income is calculated, with reference to the Income Tax (Trading and Other Income) Act 2005. It explains how property income is defined, allowable expenditure, capital expenditure, losses, less premiums, and furnished holiday lettings. The calculations are illustrated with examples.

Property income

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.

Lease premiums

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

Stamp duty land tax

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

UK tax system: an introduction, The (3rd edition)

Guide to the UK tax system for tax practitioners and students.

Transfer of a business as a going concern (TOGC)

The transfer of a business as a going concern is relevant to occupiers and investors. The provisions for TOGC mean that no VAT needs to be charged on the value of the assets; this system can also reduce the stamp duty and land tax (SDLT) bill.

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.

ICAEW Rep 105/18

Chargeable gains accruing to non-residents and returns for disposals of land

ICAEW Rep 64/18

ICAEW's Tax Faculty responds to the Capital gains tax: Payment window for residential property gains (payment on account) consultation published by HMRC 11 April 2018

Further support

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.

Stamp duty and other tax on property

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

Stamp Duty Land Tax Manual

HMRC internal manual providing guidance on SDLT, including information on reliefs and exemptions.

Private Residence Relief: HS283 Self Assessment helpsheet

Annually updated helpsheet explaining the relief available on the disposal of a private residence. Sections cover who qualifies, CGT for non-residents, Letting Relief, calculating partial relief, residence for a dependent relative, and disposal of a settled property by trustees.

Business rates relief

Guidance on the reliefs available on business rates for small businesses, businesses in rural areas, charities and community amateur sports clubs, businesses starting up or relocating to an enterprise zone, and businesses suffering financial hardship.

Business rates on GOV.UK

Official guidance aimed at tax payers on local government business rates, including information on your rateable value and reliefs, refunds and rebates.

Annual Tax on Enveloped Dwellings: technical guidance

Detailed ATED guidance covering the charge to tax, chargeable interest and 'single-dwelling interest', the definition of 'dwelling', acquisitions and disposals, new dwellings, conversions, demolitions, reliefs, exemptions, administration, and payment.

Capital Gains Manual: Dwellings subject to ATED

HMRC internal manual on CGT applicable to properties that are subject to annual tax on enveloped dwellings, including guidance on computing ATED-related related gains and losses.

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.