Specialist Tax Statutory Instruments
These聽Regulations聽are made to amend聽the聽Land聽Transaction聽Tax聽and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (the聽LTTA 2017) to insert a new Schedule 21A (relief聽for聽special聽tax聽sites) which provides for a new聽relief聽from聽land聽transaction聽tax聽for qualifying transactions of聽land聽within a聽special聽tax聽site.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Transferable tax allowance (also known as the marriage allowance)What is the transferable tax allowance (marriage allowance)?From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (拢1,260) to the spouse or civil partner where neither party is a higher rate or additional
Winding up a trust 鈥� legal, administrative and compliance issuesOverviewWhen winding up a trust, there are legal formalities and compliance issues that need to be dealt with, as well as IHT and CGT consequences that flow from the termination. This guidance note considers when and how a trust comes
Self assessment 鈥� amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the
Autumn Budget 2024