Land & property

Portland Gas Storage Ltd v CRC, Upper Tribunal (Tax and Chancery Chamber)

Is the annual tax on enveloped dwellings deductible for tax purposes?

A view of the tenth and last Finance Bill debate sitting

Explaining the 15% SDLT charge now the property threshold is down to £500,000

Will mortgage interest be fully allowable if only part of the property is owned?

Tax issues to consider on the incorporation of a general partnership

A husband and wife own several residential investment properties in their joint names. The houses are scattered across a wide area. Another client owns properties in London, but lives outside the city. Consideration is given to whether travelling costs to visit and check the properties and to carry out repair work are allowable

The system is increasingly haphazard, the Institute for Fiscal Studies has warned

Mr and Mrs B (TC3395)

A client and his mother owned the freehold of a small block of flats and the client inherited his mother’s share on her death. He has a long lease on one of the flats, which is his main residence

A new company has constructed and installed a wind turbine for a considerable sum on land that is rented from a farmer for a share of profits

A brother and sister own a property that is let out. The sister says she wants nothing to do with the property and the brother receives all of the rent. Will this income be taxed on the brother only? It is intended that the brother’s company will receive some of this income in future