SDLT: Higher rates for additional dwellings
Clause 117 provides the legislation to bring into effect the additional 3% SDLT when individuals buy additional resident...
Technical
Technical
FB 2016, cl 82 inheritance tax: increased nil rate band (Downsizing)
Finance Bill 2016, cl 82 and Sch 15 ensures that the inheritance tax residential nil-rate band (RNRB) is available when ...
Entrepreneurs’ relief – FB 2016 clauses amendments (23 June 2016)
As reported in the July edition of Technical Newsdesk, the entrepreneurs’ relief (ER) stakeholder group raised the need ...
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Reduction in the rate of capital gains tax
Clause 72 and accompanying Schs 11 and 12 deal with the legislation to enact a reduction in the rate of CGT from 6 April...
Distributions in a winding up – FB 2016, cl 35
We have written to HMRC to express concerns that Finance Bill 2016, cl 35 will lead to unintended consequences, and crea...
Scotland update – consultation on a Scottish replacement to air passenger duty
The CIOT responded in June to a Scottish Government consultation on a Scottish replacement to APD.
Marriage allowance
The marriage allowance should allow spouses or civil partners to allocate 10% of their personal allowance to their spous...
New savings and dividend tax rules – LITRG publishes the essential guide
From 6 April 2016, there is a new set of rules for how savings income and dividends are taxed.
VAT Expert Group opinion of EU Action Plan for VAT
The EU’s action plan for VAT provides, among other things, for:
Penalties issued for DIY housebuilder claims
For a few years, ATT’s VAT sub-group have been expressing concern over when penalties might arise if HMRC concludes that...