The Land and Buildings Transaction Tax (Open-ended Investment Companies) (Scotland) Regulations, SSI 2015/322, provide an exemption, by way of a claimable relief, from land and buildings transaction tax in Scotland for authorised unit trusts converting to an open-ended investment company with eff
Research from Bloomsbury Professional suggests the majority of accountants still believe that the stamp duty regime on residential properties is unfair, despite the recent ‘slab system’ reforms.
Prime Minister David Cameron announced a new crackdown on Tuesday on foreigners and offshore companies that own property in the UK to launder ‘dirty money’ by publishing their names. In a speech in Singapore, Cameron said the UK should no longer be a ‘safe haven for corrupt money’.
Deductible expenses
Barrister Anne Fairpo (Temple Tax Chambers) explains why and how the DPT could apply to real estate transactions.
TOGCs and the option to tax property
Holiday letting businesses and business property relief
The Income Tax (Construction Industry Scheme) (Amendment of Schedule 11 to the Finance Act 2004) Order, SI 2015/789, relaxes the construction industry scheme compliance tests with effect from 6 April 2015 for all members of joint ventures where one member already has gross payment status.
The Welsh government has established a Treasury team in order to progress the legislation and administrative arrangements for the new devolved taxes and wider financial powers, and to ensure a smooth transition towards April 2018.