Furnished Holiday Lettings regime abolished
HMRC has published draft legislation explaining how the abolition of the special tax rules for furnished holiday lettings (FHLs) will work. From 6 April 2025 for sole traders and partnerships, or 1 April 2025 for companies, properties currently classed as FHLs will no...
When do glamping pods qualify for capital allowances?
Glamping pods qualified for capital allowances under the annual investment allowance (AIA) in a recent test case. This makes them even more attractive as diversification options
Judge divorces wedding venue from Business Property Relief (BPR)
Claiming BPR from inheritance tax is a valuable tool in enabling family businesses to continue to operate down the generations.
Multiple dwellings relief for SDLT scrapped
The Chancellor announced in the Budget that Multiple dwellings relief (MDR) will be abolished for transactions which complete, or which substantially perform, on or after 1 June 2024.
Tax case provides good news for landowners
HMRC vs Gerald and Sarah Lee [2023] sheds light on Private Residence Relief (PRR) to newly developed or redeveloped properties.