Barrister Anne Fairpo (Temple Tax Chambers) explains why and how the DPT could apply to real estate transactions.
The Income Tax (Construction Industry Scheme) (Amendment of Schedule 11 to the Finance Act 2004) Order, SI 2015/789, relaxes the construction industry scheme compliance tests with effect from 6 April 2015 for all members of joint ventures where one member already has gross payment status.
The Welsh government has established a Treasury team in order to progress the legislation and administrative arrangements for the new devolved taxes and wider financial powers, and to ensure a smooth transition towards April 2018.
HMRC has published guidance on the extension of UK capital gains tax to disposals of UK residential property by non-residents. From 6 April 2015, non-UK residents must inform HMRC when they sell UK residential property as CGT may be due.
The Value Added Tax (Refund of Tax to the London Legacy Development Corporation) Order, SI 2015/449, comes into force on 1 April 2015.
The land and buildings transaction tax (LBTT) applies to land in Scotland from 1 April 2015 and will be administered by Revenue Scotland. Gordon Keenay (FTI Consulting) provides a detailed guide, setting out the main differences from SDLT and the transitional provisions.
The Scottish Landfill Tax (Qualifying Material) Order, SSI 2015/45, has been laid before the Scottish Parliament and lists the materials that will qualify for the lower rate of Scottish landfill tax from 1 April 2015.
The Scottish government has announced changes to the rates and bands of its land and buildings transaction tax (LBTT), which will replace the UK’s SDLT in the jurisdiction from 1 April 2015.
Andrew Goldstone (Mishcon de Reya) considers the CGT proposals for non-residents owning UK residential property
Andrew Levene (BKL) answers a query on the sale of residential property owned by a company.