Residential Property Tax Hits Pre-Pandemic Levels Of £15bn
The stamp duty land tax (SDLT) has experienced a remarkable resurgence, reclaiming pre-pandemic heights and reaching an impressive £15.4bn. This achievement is notable, given the challenges posed by fluctuating property prices and the impact of varying interest rates. Despite the...
Tribunal Ruling Exposes Scheme to Cut SDLT Bills
In a recent ruling by the Upper Tribunal, property owners utilising a tax avoidance scheme to cut Stamp Duty Land Tax (SDLT) bills have been held liable. Dating back to property purchases as early as 2010, buyers employed a marketed...
Jonathan Ralph v HMRC: Multiple Dwellings Relief (MDR) and SDLT Analysis
The recent case of Jonathan Ralph v. The Commissioners for Her Majesty’s Revenue and Customs raises pivotal questions surrounding the eligibility of Multiple Dwellings Relief (MDR) for Stamp Duty Land Tax (SDLT) on the acquisition of a property. This analysis...
Derbyshire Homeowner’s £100k Stamp Duty Loss: MDR and HMRC Ruling
Jonathan Ralph's Derbyshire mansion faced a £101,250 stamp duty increase as a dispute over dwelling eligibility unfolded, showcasing the nuanced interpretations of tax law. Despite pandemic-related challenges, Ralph's appeal was rejected, highlighting the importance of understanding tax nuances and seeking...
Averdieck Case Analysis: Navigating SDLT and Public Rights of Way
The recent Tribunal decision highlights the importance of considering public rights of way for Stamp Duty Land Tax (SDLT) classification. Property owners and advisers must assess these factors carefully, emphasizing the need for professional guidance to ensure compliance and minimize...
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.
Espalier Vs HMRC: Higher SDLT & Mixed Used Property
The Espalier Ventures Property (Lansdowne Road) Ltd. vs. HMRC case underscores the higher Stamp Duty Land Tax (SDLT) rate application, ruling that garages were part of a dwelling under the FA03 Para 18(3) and rights to communal gardens were linked...
UK Airbnb Tax – Your Guide to Taxation and Property Accounting
The sharing economy has revolutionised the way we travel and experience new places. In the United Kingdom, Airbnb has emerged as a prominent platform for property owners to list their accommodations, whether it’s a spare room, an entire home, or...
Fiander and Bower Vs HMRC: Interpreting Suitable Dwellings for MDR
Fiander and Bower V HMRC also known as The Hemingford House case revolves around the issue of whether a main house and an annex, both forming part of a residential property did not qualify for Multiple Dwellings Relief (MDR) ....
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