What's new for Week 4 2019/20 – Res&Dom etc.

[Peter]

#319325

Hi Tessa,

Would you mind, please, looking up some articles re the disguised remuneration loans?

Many thanks,

Peter

[Tessa Roberts]

#319334

Here’s a selection Peter.

https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans

https://www.independent.co.uk/news/business/news/tax-avoidance-loan-charge-suicide-treasury-committee-report-a9029111.html

https://www.bbc.co.uk/news/business-47801966

[Peter]

#319831

Thanks Tessa

[Tessa Roberts]

#318621

Morning all.

A few new things to look out for:

Non-residents now liable for CGT on non-residential property in the UK since 6 April 2019 (previously it was residential property only).

Same goes for disposal of shares on property rich companies (at least 75% of company’s assets are UK property).

New loan charge for disguised remuneration loans since 6 April 2019 – there was lots of press coverage of this earlier in the year – if you missed it, let me know, and I’ll see if I can find an article or two online for you to look at.

SDLT must now be paid within 14 days of effective date of transaction (previously 30).

Hope that’s helpful and you’re all having a great week :-)

[Author]

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