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. Disposals occurring before this date had to be reported within 30 days. Non-residents have had an obligation since 2015. ICAEW’s Tax Faculty provides guidance on the digital service for reporting disposals to HMRC.

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.

Business rates, SME late payments and net zero were among subjects tackled by Shadow Secretary of State for Business and Industrial Strategy, Jonathan Reynolds MP, in an ICAEW-hosted business Q&A.

ICAEW’s Tax Faculty explains the technical changes to the business rates system announced alongside the Spring Budget.

Landlords may be selling to benefit from the CGT annual exempt amount before it falls, or market conditions may be forcing a sale, but they must be prepared to meet their CGT compliance obligations, Gillian Banks advises.

Vendors disposing of UK residential property late in the tax year may be able to report via their self assessment tax return only, paying by 31 January, if they submit the return quickly enough.

The capital gains tax on UK property (CGT PPD) return has been published on HMRC’s website. Those submitting paper returns can now download the form instead of having to request it from HMRC by phone.

Highlights from the broader tax news for the week ending 1 March 2023, including: advisory fuel rates; stamp taxes newsletter; HMRC’s SDLT postcode; arrests connected with Euro Pacific bank; ATED revaluations; and economic crime levy guidance.

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.

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.

Webinar slides

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

A response dated 23 September 2022 to a consultation published by HMRC on 20 July 2022.

A response submitted on 29 July 2022 to a consultation published by the Department for Levelling Up, Housing & Communities on 30 May 2022.

A response submitted on 25 May 2022 to a consultation published by the Office of Tax Simplification (OTS) on 28 April 2022.

ICAEW’s response to HM Treasury’s consultation on online sales tax. ICAEW is concerned that an online sales tax (OST) will not address the imbalance of the costs of business rates borne by those retailers with physical premises versus the lower establishment costs of e-commerce sellers but will only serve to create extra complexity and increased compliance burdens.

A response dated 21 March 2022 to a consultation published by the Welsh Government on 20 December 2021.

A response dated 22 February 2022 to the technical consultation on the business rates review published by the government on 30 November 2021.

A response dated 18 February 2022 to a consultation published by HM Revenue & Customs on 30 November 2021.

Comments made by ICAEW on 26 January 2022 in relation to the Welsh Tax Acts Etc. (Power to Modify) Bill 2022.

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.

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.

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

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

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.

HMRC internal manual providing guidance on private residence relief, including definitions, computation, and division of residence on separation or divorce.

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.

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