Horton Hall SDLT Case: Residential vs. Non-Residential Dispute
The tribunal ruled against an appeal seeking a Stamp Duty Land Tax refund, affirming that fields surrounding Horton Hall constituted residential property as appendages to the estate, dismissing claims of non-residential use at the transaction date.
Exploring Key UK Tax Relief: A Guide for Individuals and Businesses
Unravelling key UK tax reliefs—from property sales to gifting and business assets—offers vital opportunities for reduced tax burdens and informed financial strategies. Understanding reliefs like letting relief, private residence relief, and more empowers individuals and businesses in making tax-efficient decisions.
Understanding Five Key Tax Allowance in the UK
Learn about key tax allowances in the UK, from Dividend to ISA Allowance, offering tax-saving opportunities and financial benefits for individuals and families, empowering you to maximize your savings and achieve financial goals.
The Ramsay Principle: Shaping UK Tax Law
The Ramsay Principle in UK tax law emphasizes examining complex transactions holistically, challenging artificial steps aimed solely at tax avoidance. Its evolution underscores the need for comprehensive analysis to determine tax implications, ensuring fairness and transparency in tax practices.
Claiming Tax Relief with P87 Form: A Step-by-Step Guide
Learn the process of completing the P87 form, and take advantage of potential tax refunds that you might be eligible to claim.
Rental Income UK Handbook: Tax Insights, Ownership and Expenses
This comprehensive article covers various aspects of rental income in the UK, including taxation, ownership structures, allowable expenses, and changes in tax relief. It emphasises the importance of complying with tax regulations, maintaining accurate records, and understanding the intricacies of...
Understanding Self-Assessment Tax: FAQs for Landlords in the UK
If you own a rental property and your rental income is more than £1000 a year, you will need to file a Self-Assessment Tax Return.
Self Assessment Tax Returns – A Complete Guide
If your income tax is not automatically deducted, you are required to submit the Self-Assessment Tax Return to HMRC to avoid paying any unnecessary penalties.
L-L-O Contracting Ltd vs HMRC: A Case Study of Multiple Dwellings Relief
This article discusses a recent SDLT and MDR case, exploring the term "mistake" in tax relief claims with an emphasis on the importance of meeting legal requirements and the impact on eligibility for repayment.
