Investments

HMRC need to rethink their policy on film tax schemes

Tax consequences of the deferred payment of loan interest or rent

The process for applying for a certificate of residence for a registered pension scheme has retooled with effect from 4 August.

Form APSS146E must be used by the owner of the scheme assets, or an authorised third party, to request a certificate.

There is no need to send another APSS146E if HMRC already hold a completed form that details who owns the assets.

If an APSS 146 has not been completed because the scheme owner has not previously reclaimed UK tax, he or she can apply for a certificate of residence providing in writing:

Auto-enrolment; Going, going; Associated debt; Employment dead end

The government is looking at whether changes should be made to the way property authorised investment funds (PAIFs) and co-ownership authorised contractual schemes (CoACSs) are treated for stamp duty land tax (SDLT) purposes.

HM Treasury has launched a consultation, Stamp Duty Land Tax: Rules for Property Investment Funds, which sets out proposals and how they ought to be implemented, and seeks views on the potential design.

Bad news in the government’s response to its consultation on liberalising pensions

What next for HMRC following their loss in the Glasgow Rangers case?

Could a furnished holiday let be treated as a simple residential letting?

HM Treasury has launched a consultation on the expansion of social investment tax relief and a new relief for social investment via an intermediary.

The plans aim to gather views on how to increase the investment limit and bring in a wider range of investors while keeping the relief well targeted and effective and minimising opportunities for tax avoidance. The consultation document also requests opinions on the approach to community farms, renewable energy and social impact bonds.

Guaranteed guidance on pensions choices will be provided by independent organisations rather than by schemes or their providers, the government has announced following consultation on this year’s Budget announcements.

News measures will allow individuals to transfer from private sector defined benefit (DB) schemes to defined contribution (DC) schemes, subject to two safeguards:

R (on the application of St Matthews West Ltd and others) v HM Treasury (and related applications), Queen’s Bench Division

Can a charge be avoided on a transfer of land from stock to fixed assets?