Issue: Vol 0, Issue 1077

Analysis

• Acquiring UK commercial property in 2011
• Avoidance on property income and gains
• REITs: the new consultation
• Practice guide: how to avoid SDLT bear traps
• SDLT: revised guidance on FA 2003 s 75A
• SDLT, s 75A & Langham v Veltema disclosures
• VAT issues for corporate occupiers

In brief

• Taxation of commercial property under the coalition government

News

• PAYE real time information: HMRC concession for EDI users
• Finance Bill: Public Bill Committee 17 May 2011
• Press watch: Alliance Boots
• People and firms: CIOT and Tax Advisory Partnership
• New CIOT President calls for return to ‘healthy tension’ between HMRC and tax bodies
• Tower MCashback decision casts doubt over need for a general anti-avoidance rule
• VAT and intra-EU supplies
• People and firms: Chartered Institute of Taxation
• Chargeable gains: indexation
• VAT groups concession: consultation
• Finance Bill: government amendments to ‘disguised remuneration’ provisions
• MPs oppose common corporate tax base for EU
• Finance Bill update: Public Bill Committee 12 May 2011
• Deloitte: HMRC victory in anti-avoidance case is the ‘right result’
• Tax tribunal receives 10,000 appeals in a year

Cases

• HMRC v Tower MCashback LLP1 (and cross-appeal): capital allowances
• HMRC v Tower MCashback LLP1 (and cross-appeal): closure notices
• TD Hanlin v HMRC
• L Smith v HMRC
• Market South West (Holdings) Ltd v HMRC
• Sir J Oldham (Manor House Surgery Glossop v HMRC (and related appeal)
• R Audley v HMRC
• HMRC v P Parissis (and related applications)

Practice guides

• Practice guide: how to avoid SDLT bear traps