A new requirement for UK residents to report and pay capital gains tax (CGT) on disposals of UK residential property within 30 days was introduced in April 2020. Non-residents have had an obligation since 2015. ICAEW’s Tax Faculty provides guidance on to the digital service for reporting disposals to HMRC.

An update to guidance from ICAEW, STEP, CIOT and The Law Society on areas of uncertainty in the statutory provisions for Inheritance Tax on Overseas Property Representing UK Residential Property introduced by Finance Act (No 2) Act 2017.

The Office for Tax Simplification has published further details of a review into how the taxation of income from property could be simplified. ICAEW’s Tax Faculty will be meeting the OTS and would welcome the views of members.

There are better ways to deliver affordable housing than local rates of land transaction tax rates, says ICAEW in response to the Welsh Government’s consultation on local variation to LTT for second homes, short-term holiday lets and other additional residential properties.

The Office of Tax Simplification has published scoping documents for two new pieces of work on priorities for tax simplification and opportunities to simplify the tax treatment of income from residential property.

This month’s top technical stories include what’s changing for employers in April, how the interest rates increase could affect late self assessment payments, and a new public interest business protection tax.

ICAEW has responded to proposals aligning business rates more closely to current values and granting greater autonomy to local authorities to set rates and provide reliefs,

HMRC’s consultation on reforming the stamp duty land tax rules for mixed-property transactions and claims for multiple dwellings relief highlights the complexity of the current rules.

Last-minute announcements, manual claims, and multiple changes to NIC. ICAEW’s Tax Faculty highlights some of the employment tax changes that will feature in its upcoming webinar.

This session with Rebecca Benneyworth will focus on furnished holiday let (FHL) tax, tax admin framework, capital gains tax 30 day rule and environmental taxes.

Aimed at UK GAAP reporters, this webcast outlines accounting considerations for a range of support schemes being made available to businesses during the pandemic.

Webinar slides

This free TAXbite explains the rules for rent a room relief and how to apply if you or your client qualifies.

A response dated 21 March 2022 to a consultation published by the Welsh Government on 20 December 2021.

A response dated 22 February 2022 to the technical consultation on the business rates review published by the government on 30 November 2021.

A response dated 18 February 2022 to a consultation published by HM Revenue & Customs on 30 November 2021.

Comments made by ICAEW on 26 January 2022 in relation to the Welsh Tax Acts Etc. (Power to Modify) Bill 2022.

A response dated 11 November 2021 to a consultation published by the Treasury Select Committee on 2 November 2021. The inquiry is ongoing.

A response dated 13 October 2021 to a consultation published by HMT on 20 September 2021.

A response dated 13 April 2021 to a consultation published by TSC on 1 March 2021.

A response dated 14 January 2021 to the Treasury in advance of Spring Budget 2021.

Information for businesses buying land or buildings in a Freeport tax site on how to qualify for SDLT relief, how much they can claim, how to claim, and examples.

Measure introduced in Budget 2021 offering full relief from SDLT on the purchase of land or property within Freeport tax sites in England, once they have been designated.

<p>Government hub collecting together essential information from Business Wales on financial support and grants, business rates, support for the self-employed, sector-specific advice, and support for employees.</p>

HMRC hub with links to guidance on filing SDLT returns, tax on specific transactions, stamp duty before December 2003, and exemptions.

HMRC internal manual providing guidance on SDLT, including information on reliefs and exemptions.

Annually updated helpsheet explaining the relief available on the disposal of a private residence. Sections cover who qualifies, CGT for non-residents, Letting Relief, calculating partial relief, residence for a dependent relative, and disposal of a settled property by trustees.

HMRC internal manual providing guidance on private residence relief, including definitions, computation, and division of residence on separation or divorce.

Guidance on the reliefs available on business rates for small businesses, businesses in rural areas, charities and community amateur sports clubs, businesses starting up or relocating to an enterprise zone, and businesses suffering financial hardship.