Personal tax

Technical
1 February 2019

The time limit to file a Stamp Duty Land Tax (SDLT) return and pay the tax due will reduce from 30 days to 14 days from 1 March 2019. New regulations make consequential amendments and changes to the return particularly for a deferment application

Technical
1 January 2019

Legislation introducing an anti-profit fragmentation rule incorporates a number of improvements on the previous draft legislation and original consultation proposals.

1 January 2019

From April 2020, individuals, trustees and personal representatives disposing of residential property will need to make a payment on account of any capital gains tax within 30 days.

Technical
1 January 2019

The Finance Bill contains provisions to determine the tax treatment of social security income, and, in particular, the social security benefits devolved to Scotland, following LITRG discussions with the Scottish government.

Technical
1 December 2018

The Welsh Government has confirmed its intention to set Welsh income tax rates from April 2019. HMRC will continue to collect the tax and has issued a short consultation on draft statutory instruments alongside a technical note to which LITRG and the CIOT have responded, highlighting some of the issues around implementation.

Technical
1 December 2018

LITRG published a summary of the Budget announcements that affect those on low to modest incomes, explaining the effects of some of them.

Technical
1 November 2018

The ATT submitted comments on the proposed changes in the 2018-19 draft Finance Bill to rent-a-room relief and highlighted the need for clear guidance.

Technical
1 November 2018

The ATT submitted comments on the proposed changes in the 2018-19 draft Finance Bill to the payment window for CGT on the sale of residential property from 6 April 2020.

Technical
1 November 2018

LITRG would like feedback from you on issues that have been raised with us around the personal tax account, hypothetical code numbers and dynamic coding.

Technical
1 October 2018

The CIOT and ATT have considered FB 2018-19 consultative clause 15 Entrepreneurs’ Relief (company ceasing to be individual’s personal company, inserting new Chapter 3A in Part 5 TCGA 1992) and some aspects of the consultation response .