Capital gains tax : recent developments
This briefing discusses the reforms made to capital gains tax since 2008, including the most recent changes announced in the 2024 Autumn Budget.
Documents to download
-
Furnished Holiday Lettings (156 KB , PDF)
Under the Furnished Holiday Letting (FHL) rules, income from furnished holiday accommodation may be treated in the same way as trading income for tax purposes. In 2009 the Labour Government proposed to repeal these rules from 2011, rather than extend their scope to property held across the EU, to ensure compliance with EU law. In the 2011 Budget the Coalition Government confirmed a number of changes to ensure the relief was complaint with EU law while mitigating its cost to the Exchequer.
Documents to download
-
Furnished Holiday Lettings (156 KB , PDF)
Related posts
-
-
Taxation of state pension
The state pension is liable to income tax, though pensioners are unlikely to pay tax in practice if their only income is the state pension.
-
VAT on private school fees
In the 2024 Autumn Budget the Chancellor announced the introduction of VAT on private school fees from 1 January 2025. This briefing discusses the background to the government's decision and the legislation to bring it into effect.