Allowable Property expenses
This document discusses the general principles for allowable expenses and the tax treatment of capital expenditure and common expenses incurred by property businesses. It also covers VAT aspects and properties not let on commercial rent.
This document also includes: tapering of annual allowance; Exemption from the annual allowance rules; Pension input period; Calculation of pension input amounts; Carry forward of unused annual allowance and annual allowance charge.
Basic calculation principles of capital gains tax
This document provides the standard capital gains tax proforma and exceptions to the standard proforma. It also covers the rules on part disposals, transactions involving connected persons and gifts.
Capital gains tax charge on residential property owned by non-residents
This document discusses key points on the rules, chargeable persons, meaning of NRCGT disposal, methods of calculating the gains and losses and compliance matters.
Enterprise investment scheme tax relief
This document discusses the aspects of income tax relief, claw back of income tax relief and allowable capital losses.
Furnished holiday lets (FHL)
This document discusses the conditions to qualify as FHL, advantages of being a FHL, under-used holiday accommodation elections, treatment of losses, implications of joints held FHLs and VAT on provision of holiday accommodation.
Principal private residence relief - Basic principles
This document discusses the calculation of the relief, including conditions for deemed occupation, non-qualifying tax years, delay in taking up residence, the letting relief rules and the anti-avoidance rules.
Replacement of domestic items and fixtures in residential properties
This document discusses all the available reliefs for residential property businesses such as replacement of domestic items relief (2016/17 onwards), replacement of fixtures (2013/14 onwards), statutory wear and tear allowance (2011/12 to 2015/16), statutory renewals basis (2015/16 and prior years) and others.
Tax relief for pension contributions
This document discusses conditions for tax relief to be claimed, amount of contributions made, income tax relief for contributions made net. It also covers premium for life assurance schemes and implications of employer contributions.
Taxation of dividends
This document provides details on: dividend nil rate band; dividend tax rates; UK dividends received by residents and non-residents; Overseas dividends taxed on arising and remittance basis; Interaction with temporary non-residence rules; reporting requirements.