The Scotland Bill received Royal Assent on 1 May and is now the Scotland Act 2012.
John Challoner and Kristy Cooper explain why the changes to the REIT regime due to be implemented in FA 2012 will provide a boost to the property market.
The government is consulting on possible changes to the taxation of income received by REITs investing in other REITs and the role that the REIT regime can play in social housing.
The Business Premises Renovation Allowances (Amendment) Regulations, SI 2012/868, extend BPRA to 31 March 2017 for corporation tax purposes and 5 April 2017 for income tax purposes, as announced at Budget 2011.
Putting homes into companies to avoid stamp duty is ‘completely
New legislation to block a ‘contrived and aggressive’ income tax avoidance scheme involving property business loss relief will protect the Exchequer from significant losses, HM Treasury said.
Sara MacCallum reviews the top five taxation developments in 2011 affecting commercial property
Leading tax professionals comment on the key draft measures