Private Residence

19 April 2024

Issues with stamp duty land tax refund claim firms
The rise in cases where firms are contacting buyers of properties after completion of a purchase, suggesting that stamp duty land tax (SDLT) has been overpaid

18 April 2024

A recent CGT case lost by HMRC
A case where the First-tier Tribunal (FTT) decided that tax was not due on a house sale, because the seller was not the beneficial owner of the property

16 April 2024

Another failed claim for the non-residential rate of stamp duty land tax to apply
A case where the First-tier Tribunal (FTT) decided that the taxpayers could not benefit from the non-residential rate of stamp duty land tax

05 April 2024

IHT planning with the private residence - what you need to know
When it is appropriate and when it is not to do IHT planning with an individual’s main residence

05 April 2024

Corporate property ownership - ATED receipts increase for second year in a row
Annual statistics on receipts and liable declarations for Annual Tax on Enveloped Dwellings (ATED). The London boroughs of Westminster and Kensington and Chelsea continue to dominate for ATED receipts by location

04 April 2024

House price growth increases in March
Nationwide's latest monthly house price index. It shows that annual house price growth edged up in March. However, house prices fell slightly month on month in March

12 March 2024

Stamp Duty Land Tax - changes to the rules for claiming first-time buyers' relief
Changes to the rules for claiming first-time buyers’ relief where a new lease is granted through a nominee or bare trustee. This measure also makes changes to the definition of first-time buyer for the purposes of the relief

11 March 2024

PPR relief disallowed due to lack of evidence
The case of Mr Sabbir Patwary, in which he was unable to supply the evidence that he needed in his attempt to claim Principle Private Residence (PPR) relief

08 March 2024

SDLT - the ending of Multiple Dwellings Relief
The consultation outcome on Stamp Duty Land Tax; mixed-property purchases and Multiple Dwellings Relief

04 March 2024

House price growth increases in February
Nationwide’s latest monthly house price index. It shows that annual house price growth returned to positive territory for first time in over a year in February and that house prices rose month on month in February

01 March 2024

A failed claim for the non-residential rate of stamp duty land tax to apply
A case where the First-tier Tribunal (FTT) decided that the taxpayer could not benefit from the non-residential rate of stamp duty land tax

26 February 2024

CGT on UK property - a few quite interesting points
Taxpayers who have sold a property, which was not their main residence, must file a capital gains tax (CGT) return within 60 days of completion if a chargeable gain arises. However, there are some interesting rules that could catch taxpayers out

23 February 2024

A failed claim for the non-residential rate of stamp duty land tax to apply
A case where the Upper Tax Tribunal decided a taxpayer could not go back and make a late claim for multiple dwellings relief after his claim for the non-residential rate of stamp duty land tax to apply had failed

09 February 2024

New mortgage scheme statistics show another increase
Official quarterly statistics on the mortgage guarantee scheme: 19 April 2021 (scheme launch) to 30 September 2023

07 February 2024

House price growth increases in January
Nationwide’s latest monthly house price index. It shows that, whilst property values were up in January, they were down 0.2% year-on-year. However, this was the strongest outturn since January 2023

02 February 2024

Scottish Land and Buildings Transaction Tax - changes to the Additional Dwelling Supplement
The Scottish Government’s changes to the operation of the Land and Buildings Transaction Tax (LBTT) Additional Dwelling Supplement (ADS)

05 January 2024

House price growth unchanged in December, but it was still down year-on-year
Nationwide’s latest monthly house price index. It shows that, whilst property values were unchanged in December, they were down 1.8% year-on-year, leaving them almost 4.5% below the all-time high recorded in late summer 2022

29 December 2023

House prices in 2024
The Nationwide’s latest House Price Review and Forecast: Rapid rebound in house prices unlikely in 2024. House prices to see low single digit decline or remain broadly flat in 2024

05 December 2023

House price growth increased slightly in November, but it was still down year-on-year
Nationwide’s latest monthly house price index. It shows that, whilst property values increased in November, they were down 2% year-on-year. Annual growth remains weak, but is the strongest since Feb 2023

04 December 2023

New mortgage scheme: ninth set of statistics shows another increase
Official quarterly statistics on the mortgage guarantee scheme: 19 April (scheme launch) to 30 June 2023

29 November 2023

Annual Tax on Enveloped Dwellings (ATED)
2023/24 charges for the annual tax on enveloped dwellings 2023/24 charges for the annual tax on enveloped dwellings

29 November 2023

Leasehold reforms - an update
The Leasehold and Freehold Reform Bill, which was introduced to Parliament on 27 November 2023

09 November 2023

Leasehold reforms announced in the King's Speech
The Leasehold and Freehold Reform Bill and what changes it is intended to deliver

02 November 2023

House price growth increased in October, but it was down year-on-year
Nationwide’s latest monthly house price index. It shows that, whilst property values increased in October, they were down 3.3% year-on-year. This decrease was, however, smaller than September’s year-on-year fall which was 5.3%

27 October 2023

Planning with owner-occupied property - relevant case law
Important case law relating to the uses of owner-occupied property in estate planning

26 October 2023

Planning with owner-occupied property - SP10/79
HMRC Statement of Practice 10/79 and its implications to estate planning with property explained

25 October 2023

Planning with owner-occupied property on death
Using owner-occupied property in estate planning on death

25 October 2023

Planning with owner-occupied property - general considerations
Key issues in relation to the uses of owner-occupied property in estate planning

24 October 2023

Planning with owner-occupied property during lifetime - a detailed consideration
IHT planning with owner-occupied property during lifetime