HMRC Wins Appeal Against Farming Partnership

The tax payers Mr and Mrs Bell purchased a 667 acre farm in 1994 and formed a partnership. The couple were granted outline planning permission…

How do I get 5% reduced VAT rate …

5% reduced VAT rate I recently received an email from a developer whose contractor was refusing to charge the 5% reduced VAT rate unless the…

Annual Tax on Enveloped Dwellings (ATED)

  ATED was introduced in 2013 and is an annual tax payable mainly by companies that own a UK residential property, where the value of…

Is your PPR relief at risk due …

We have previously posted about Principal Private Residence (PPR) relief, which can result in an individual’s main home not being subject to capital gains tax…

Higher rates of Stamp Duty Land Tax (…

From 1 April 2016 a 3% SDLT surcharge is imposed if after the purchase you will own more than one residential property.  If you are…

Restriction of tax relief on finance costs

From 6 April 2017 the tax relief that residential landlords receive on the costs of finance for UK residential property will gradually be restricted down…

Abolishment of wear and tear allowance and …

From 6 April 2016 the wear and tear allowance for the rental of furnished properties is no longer available and has been replaced with a…