Consultation on ancillary capital gains reliefs
A capital gains tax (CGT) exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief (PRR) rules. The exemption applies as long as the relevant conditions are met throughout the...
Tenant Fees Act: 2019
The new rules for landlords and letting agents in England came into effect on 1 June 2019. The Tenant Fees Act will make it illegal to charge tenants any fees apart from the rent, deposits, and other necessary costs. It means tenants will no longer face fees for...ATT suggests couples ‘could be affected’ by increase in stamp duty for non-residents
The Association of Taxation Technician (ATT) has warned that a planned increase to Stamp Duty Land Tax (SDLT) for non-UK residents may affect certain couples planning to buy a home. The planned change that is outlined in a HMRC consultation, states non-UK residents...
How will the VAT reverse charge for construction work?
A domestic reverse charge will be introduced from 1 October 2019 to tackle VAT fraud in the construction industry. Tony Nickson, VAT Consultant at Hawsons, explains what this will mean for businesses. What is a reverse charge? In a nutshell the reverse charge is where...
