Technical resources

Capital gains tax on property leases

[29/10/2013] The income and capital gains tax treatment for property leases can be complex and it is worth while considering the basic rules.

Applying capital gains tax in divorce cases

[12/09/2013] Divorce often results in the transfer of assets between spouses. Understand how and when CGT applies.

Disincorporation relief

[12/09/2013] Disincorporation Relief is available to small businesses looking to convert from being a corporation subject to the regulations of the Companies Acts to the flexibility of being unincorporated.

Withholding tax rates

Maximum rates of tax those countries with a Double Taxation Agreement with the UK can charge a UK resident on payments of dividends, interest, royalties and management/technical fees.

HMRC campaign targets tax return catch-ups

HMRC has launched its latest campaign entitled 'My Tax Return Catch-Up'

Remittance basis 2011-12: HMRC exercise

HMRC announce an "educational exercise" aimed at taxpayers taxed on the remittance basis due to a perceived lack of understanding of what constitutes a remittance.

Seed enterprise investment scheme - HMRC guidance

Several changes to the SEIS were announced in this year’s Budget.

Disclosure facilities and campaigns

A summary of the current HMRC campaigns and disclosure facilities that are currently running

Statutory Residence Test: Overview of the legislative changes

ACCA UK have produces a series of articles on residence and domicile, following the introduction of the statutory residence test from 6 April 2013.

Temporary periods of non-residence

ACCA UK have produces a series of articles on residence and domicile, following the introduction of the statutory residence test from 6 April 2013.

Residence and Domicile

Visit our dedicated section on Residence and Domicile following the introduction of the statutory residence test with effect from 6 April 2013.

General anti-abuse rule

After much speculation a general anti-avoidance rule – the General Anti-Abuse Rule (GAAR) – has emerged within the Finance Bill 2013

HMRC Isle of Man disclosure facility

Details of the recently agreed Isle of Man disclosure facility

Capital gains tax and property: common pitfalls

To coincide with the launch of HMRC's property sales campaign, we take a look at capital gains tax and property.

Changes to the taxation of UK property

A round-up of recent changes to the taxation of UK property.

Property sales campaign

HMRC campaign looking into the sale of property

Special relief (formerly equitable liability)

Understand the concept of ‘special relief’, formerly known as ‘equitable liability’.

Shares of negligible value

HMRC provides a list of shares or securities formerly quoted on the London Stock Exchange, which have been officially declared of negligible value for the purposes of a claim under S24(2) Taxation of Chargeable Gains Act 1992 by the Shares and Assets Valuation Office.

Rupert Kimber v HMRC

Resumption of UK residence in the UK; Capital gains tax - whether the Appellant was resident in the UK when a particular disposal of shares was made.

Mr J R Hanson v The Commissioners of HMRC

The First Tier Tribunal case overturned a penalty for a "careless error" where the accountant was blamed.

Reasonable excuse - September 2012 update

An update on some recent reasonable excuse tribunal cases.

Proposed changes to ESC A19

Following a tribunal decision, HMRC issued a consultation on the removal of taxpayer protection from ESC A19.

Michael J Harte and Brenda A Harte v HMRC

This case was based on whether a property was eligible for main residence relief during a very short period of occupancy.

Anthony Metcalfe v RCC

Private residence relief; multiple properties; house that taxpayer claimed for was not connected to the electricity supply.

Malcolm Springthorpe tax case

This case was based on whether a property was eligible for main residence relief during a short period of occupancy while it was being refurbished.

HMRC pilot to improve post response times

HMRC pilots a "signpost" scheme in an attempt to improve response times for incoming mail.

Tax implications on disposal of shares by a shareholder

How can a shareholder minimise the tax paid when disposing of shares?

Purchasing a company from an unconnected party

A look at the considerations in buying a company from an unconnected party.

EIS/SEIS - Advance Assurance Application

Details on obtaining advance qualification assurance for investments under the EIS and SEIS schemes.

HMRC toolkits

The Expenses and Benefits from Employment Toolkit and the National Insurance Contributions and Statutory Payments Toolkit have been updated and can be used for 2011/12 tax returns. Access the HMRC toolkits via the link on this page.

Small Business Tax Dispute Service

HMRC have announced an extension to its Alternative Dispute Resolution (ADR) Scheme, following a successful initial trial period. The essence of the scheme is to offer an is for an "independent HMRC facilitator" to offer a mediation-based approach to resolving a tax disputes which arise during the course of a compliance check, before an assessment or appealable decision is issued. Its aim is to reach a quick and fair conclusion the dispute and to avoid the need for either party to take the case to Tax Tribunal.

HMRC Agent Account Managers

If HMRC's normal communication channels have left you frustrated and still needing an answer, the Agent Account Manager service may help.

HMRC's Litigation and Settlement Strategy (LSS)

Details of HMRC's litigation and settlement strategy (LSS), which is their internal guidance to staff on dealing with tax disputes.

Saying Goodbye to ESC C16

From 1 March statutory instrument 2012 number 266 The enactment of extra-statutory concessions order 2012 comes into force. On the same date extra statutory concession (ESC) C16 is effectively withdrawn.

Seed enterprise investment scheme (SEIS))

Draft guidance has been made available that is intended to apply from 6 April regarding the transfers of pension savings to qualifying recognised overseas pension schemes (QROPS).

HMRC Clearances and Approvals

Details of business and non-business clearance procedures.

Capital gains tax from 2010/11

A summary of the capital gains tax rates applicable for 2010/11 and 2011/12 with some practical tips.

Enterprise investment scheme (EIS)

Comprehensive guidance on the EIS scheme.

Furnished holiday lettings changes from April 2011 and 2012

A review of the FHL regime together with details of changes from April 2011 and April 2012.

Bona Vacantia Guidelines Withdrawn

Ensure you are familiar with the latest practices on how to distribute companies on winding up.

Substantial shareholdings

Guidance on defining groups and trading groups.

Penalties - offshore income and gains

Brief 14/11 explains the higher level of penalties in respect of undeclared offshore income and gains.

Simplification review: capital gains rules for groups of companies

Comments from ACCA to the Office of Tax Simplification, June 2012.

Guidance from HMRC on record-keeping

HMRC has issued guidance on record-keeping in light of the requirements under Finance Act 2008, Schedule 37.

Goodwill on incorporation

The Finance Act 2002 changed the treatment of goodwill amortised by companies. It does not apply to goodwill acquired prior to 1 April 2002 which continues to be treated within the capital gains regime, neither does it apply to internally-generated goodwill.

Income Tax self-assessment payments on account

An overview of payments on account.

Non-resident trustees

Non-resident trustees - Capital Gains Tax rebasing election.

Capital Gains Tax - entrepreneur's relief

The link between 'entrepreneurs' relief' and the former 'retirement relief' is reinforced by a similar restriction applied to both.

Capital Gains Tax and partnerships

The treatment of partnerships in relation to capital gains tax has changed.

Cir v Scottish & Newcastle Breweries Ltd

This case tested whether an expense can be classed as plant and qualify for capital allowances.