Property Taxes


The CIOT endorses the response by the Stamp Taxes Practitioners Group to the consultation on clause 53. In addition we make one further wider point on the proposed new reliefs from SDLT. 

CIOT has written to HMRC expressing concerns with the drafting of clause 67 Finance Bill 2016, and in particular paragraph 1 which introduces penalties for enablers of offshore tax evasion.

The CIOT responded to HM Treasury’s consultation on higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties, published on 28 December 2015. 

On 22 October 2015, HMT published a consultation document on Tax deductibility of corporate interest expense. This consultation seeks views on the proposals to tackle Action 4 of the Base Erosion Profits Shifting project, set out in the OECD report on Limiting Base Erosion Involving Interest Deductions and Other Financial Payments.

Please find attached our first edition of Property Tax Voice.