Specialist Tax Regulatory Materials
HMRC has published draft Finance Bill legislation on furnished holiday lettings, Pillar 2 and VAT for private schools.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Tax on UK resident beneficiaries of non-resident trusts 鈥� overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to
Qualifying charitable donationsCompanies can obtain corporation tax relief for qualifying payments or certain transfers of assets to charity under the qualifying charitable donations regime. Definition of qualifying charitable donationThe definition of 鈥榪ualifying charitable donations鈥�
Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm鈥檚 length sale) then holdover relief may be available. This will happen when trustees appoint capital assets
Autumn Budget 2024