TAXguide 02/2024: Taxation of cryptoassets for businesses
TAXguide covering the UK taxation of cryptocurrency held by businesses including corporation tax, stamp taxes, employment income and VAT.
Stamp duty land tax
Expert commentary and practical guidance from ICAEW related to stamp duty land tax in the UK regime.
In this section
Practical guidance
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax
TAXguide 06/17: Budget Analysis
Read the Tax Faculty’s comprehensive summary of the Spring Budget 2017, covering all new announcements relating to: Making Tax Digital; business and company taxes; rates and allowances; personal and employment taxes; pensions and savings; and VAT and duties.
Features and articles
Welsh government consults on LTT multiple dwellings relief
The Welsh government is consulting on several changes to land transaction tax, including the abolition of multiple dwellings relief.
ICAEW technical updates: March 2024
This month’s top stories include Spring Budget announcements, HMRC halting the decision to restrict helplines, and more guidance on the lifetime allowance abolition.
Draft legislation published for some Spring Budget 2024 measures
The Spring Finance Bill contains legislation which increases the thresholds for the high income child benefit charge and abolishes multiple dwellings relief for SDLT.
Chancellor abolishes furnished holiday lets treatment and announces stamp duty land tax changes
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.
Time to think about ATED?
Ahead of the next ATED deadline on 30 April 2024, Stephen Relf explains why more of us may need to engage with ATED, identifies some problem areas to look out for and asks if ATED is still fit for purpose.
Tax Faculty responds to LTT freeports consultation
The draft legislation may not give the Welsh government’s intended outcome for full and partial LTT relief for special tax sites.
ICAEW technical round-up: January 2024
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
Scotland: new LBTT relief and changes to the ADS
New relief for local authority purchases comes in from 1 April 2024, together with numerous changes to the additional dwelling supplement.
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.
Markel Tax FAQs are correct at the time of going to press. To check current validity, please call the ICAEW Tax and VAT Helpline.
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.
Partnerships
A chapter on partnerships in this annual guide for professional advisers, highlighting tax planning opportunities and potential pitfalls.
Stamp taxes 2023-24
Detailed guide to all current UK stamp taxes: Stamp Duty, Stamp Duty Reserve Tax and Stamp Duty Land Tax.
Stamp taxes
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.
Incorporation of a rental property business
A chapter discussing the tax issues to consider when incorporating a rental property business.
Scotland - land and buildings transaction tax
A chapter providing an outline of Land and Buildings Transaction Tax (LBTT) in Scotland.
Wales - land transaction tax
A chapter providing an outline of Land Transaction Tax (LTT), which applies to most transactions over land in Wales from 1 April 2018.
Stamp duty land tax, land and buildings transaction tax and land transaction tax
Guidance on the general rules for stamp duty land tax (SDLT), land and buildings transaction tax (LBTT) and land transaction tax (LTT) and their application to the acquisition of buy-to-let property.
Residence for stamp duty land tax
A chapter on the new residence rules applying to stamp duty land tax (SDLT) and non-resident purchasers in the UK and Northern Ireland from April 2021.
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Representations
ICAEW REP 017-24 Consultation on the proposed land transaction tax (LTT) special tax sites relief
A representation dated 9 February 2024 to a consultation published by the Welsh Government on 19 December 2023.
ICAEW REP 061-23 Stamp taxes on shares modernisation
A representation dated 22 June 2023 to a consultation published by HMRC on 27 April 2023.
ICAEW REP 040-23 Land and Buildings Transaction Tax - Green Freeports Relief: consultation on proposed legislation
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
A representation dated 4 April 2023 to a consultation published by Scottish Government on 8 February 2023.
ICAEW REP 028-22 Welsh Government local variation to land transaction tax rates for second homes etc
A response dated 21 March 2022 to a consultation published by the Welsh Government on 20 December 2021.
ICAEW REP 018-22 Stamp Duty Land Tax Mixed-property Purchases and Multiple Dwellings Relief
A response dated 18 February 2022 to a consultation published by HM Revenue & Customs on 30 November 2021.
ICAEW REP 003-22 Welsh Taxes Power to modify Bill 26 Jan 2022
Comments made by ICAEW on 26 January 2022 in relation to the Welsh Tax Acts Etc. (Power to Modify) Bill 2022.
ICAEW REP 93/20 Tax devolution in Wales: enabling changes to the Welsh Tax Acts
A response dated 15 October 2020 to a consultation published by the Welsh government on 16 July 2020.
Further support
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.
Check if you can claim relief from Stamp Duty Land Tax in Freeport tax sites
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
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
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.
Revenue Scotland
Authority responsible for the management and collection of Scotland's devolved taxes providing guidance on Land and Buildings Transaction Tax, Scottish Landfill Tax, LBTT and leases, and Air Departure Tax.
Welsh taxes
Official information on devolved taxes in Wales with links to further guidance on and rates for Landfill Disposals Tax, Land Transaction Tax, and income tax.
Global Tax Report 2017
Survey from property consultants Knight Frank providing an overview of the tax costs and non-tax costs for foreign investors in prime real estate across key cities around the world.
A survey of the UK tax system
A document providing an overview of the UK tax system, describing how each of the main taxes works and setting them in historical context.
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