Published 5th March 2019; Updated 21st March 2019 / April 2021 / 27th October 2021 / April 2023 The deadline to submit a Capital Gains Tax Return, and pay any CGT due, on a disposal of UK land or buildings has been extended, with immediate effect, from 30 to 60 days. Notifying HMRC From 2019, […]
Category: Tax
ATED: Valuation date
First published 27th March 2017; Updated 15th November 2018 / April 2023 Residential property owned by a company is potentially subject to Annual Tax on Enveloped Dwellings where the value on the valuation dates is more than £500,000 Relief from Annual Tax on Enveloped Dwellings (ATED) may be available if the use of the property […]
The Capital Gains trap for non-residents
Published 10th May 2022 Are you a non-resident owning property in the UK? Be aware of your obligations when you sell We have all become used to the idea that since April 2015 non-residents could be liable to Capital Gains Tax (CGT) on the disposal of UK residential property and the same applies to the […]
Finance cost relief
Published 17th February 2020; Updated September 2021 Still puzzled by the S24 restriction or finance cost relief? See the easy-to-read full explanation From 2020 the tax relief that landlords of residential properties get for finance costs is being restricted to the basic rate of Income Tax. The finance cost relief is now given as a […]
UK tax compliance to get more complicated for some non-resident companies
Published 25th September 2018; Updated 15th November 2018 / April 2021 The content of this newsletter applies to non-UK companies holding UK investment property and which derive most or all of their UK income from the property. With effect from April 2020 all non-resident UK property rich companies have been subject to the full UK […]