PROPERTY TAXES

FA 2019 Sch 1 is a rewrite and consolidation of TCGA 1992 Part 1. The real devil in the detail is FA 2019 Sch 2, which contains the administrative requirements for making non-resident capital gains tax (NRCGT) returns (and UK...

Julia Lloyd

Susie Brain

Julia Lloyd and Susie Brain (Norton Rose Fulbright) provide an overview of the new regime and suggest practical steps that should be taken by taxpayers.

Jake Iles

Ray Chidell

A recent tribunal decision confirms that the ‘pooling requirement’ may be met despite failures by former owners, write Ray Chidell and Jake Iles (Six Forward Capital Allowances).

Jonathan Woodall

Emily Clark

The draft legislation taxing non-residents on gains from UK land gives funds and their investors much to think about. Emily Clark and Jonathan Woodall (Travers Smith) consider the key points.

Revenue Scotland’s latest Land and Buildings Transaction Tax (LBTT) Technical Bulletin contains articles on first-time buyer relief, additional dwelling supplement, group relief and ‘share pledges’, and three-yearly reviews of commercial leases.

Harriet Revington

Peter Jackson

Peter Jackson and Harriet Revington (Taylor Wessing) review the eagerly anticipated draft legislation.

The Tribunal Procedure (Amendment) Rules, SI 2018/511, provide that appeals from decisions of the Property Chamber of the First-tier Tribunal are to be determined by the Lands Chamber of the Upper Tribunal, rather than by the Tax and Chancery Chamber of the Upper Tribunal.

Edd Thompson

Edd Thompson (Tolley) assesses the pros and cons.

Andrew Goldstone

Annie Bouch

Andrew Goldstone and Annie Bouch (Mishcon de Reya) provide a round-up of the major tax developments affecting private clients this year.

Claudia Whibley

Jonathan Shankland

Jonathan Shankland and Claudia Whibley (RadcliffesLeBrasseur) use practical examples to illustrate the workings of the new residence nil rate band which came into force last month.

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