Kate Willis
Finance Bill 2016 cl 26 – relief for finance costs related to residential property businesses
Clause 26 rectifies drafting errors in the legislation introduced by Finance (No 2) Act 2015 s 24.
Mixed partnerships and TCGA 1992, s 162
Since the partnership changes in FA 2014, many ‘mixed’ partnerships (those whose members included both individual and co...
Finance Bill (No. 2) Bill: Changes to entrepreneurs’ relief
As announced in December’s autumn statement, Finance (No.2) Bill includes draft legislation to amend the unintended cons...
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Domicile – income tax and CGT new clause and schedule
The CIOT has commented on the draft clause published on 2 February 2016 (and updated on 5 February to correct typographi...
Definitions of residential property for SDLT
The CIOT is contributing to HMRC’s Stamp Taxes project to consider current difficulties on the main statutory definition...
Stamp Duty Land Tax (SDLT) on purchases of additional residential properties
The CIOT responded to HM Treasury’s consultation on higher rates of stamp duty land tax (SDLT) on purchases of additiona...
Partial surrender of life insurance policies – informal consultation on options for reform
As previously reported in Technical Newsdesk, the CIOT was granted permission to make written and oral submissions in th...
Changes to the taxation of non-UK domiciliaries
There has been much activity in this area of tax recently.
SDLT Issues
The CIOT is represented on two HMRC stakeholder forums concerned with SDLT.
Implementation of the financing restriction for residential let property: the CIOT’s concerns
An anomaly for trusts The CIOT has raised concerns with HMRC on the application of what has become FA 2015 s 24 (relief...