Property Taxes

by Sarah Laing
access120 days access
cpd hours4 CPD hours

This course will enable you to:

  • Get to grips with the key calculations and tax reliefs relevant to property business owners
  • Offer sound advice on key tax-free allowances
  • Familiarise yourself with the special tax rules and capital gains tax (CGT) reliefs involved with furnished holiday lettings (FHLs)
  • Guide your clients on other property taxes issues including recent developments to stamp duty land tax (SDLT)

Property is always a popular investment, so it's important that individuals understand the range of taxes involved with such transactions. Business and residential property owners rely on accountants for advice and guidance about the complex UK property tax system.

This course provides an overview of UK property business taxes, the eligibility criteria for tax-free allowances, and the appropriate tax treatment for furnished holiday lettings (FHLs). You'll also learn about other property tax issues that you need to be familiar with, enabling you to offer your clients the best advice about various property taxes in the UK.

Overview of property business taxes

  • UK property tax
  • Property business taxes
  • Cash basis
  • Cash basis calculation
  • Allowable expenses
  • Repairs and improvements
  • Tax reliefs
  • Buy-to-lets
  • Replacement of domestic items
  • Loss relief

Tax-free allowances

  • Tax-free allowances
  • Property allowance
  • Full relief
  • Partial relief
  • Rent a Room relief
  • Property allowance vs. Rent a Room relief

Furnished holiday lettings

  • Key tax rules
  • Qualifying conditions
  • Averaging election
  • Period of grace election
  • Averaging and period of grace
  • Capital gains tax reliefs
  • Capital gains check your understanding of the rules

Other property taxes

  • Stamp duty land tax
  • Stamp duty savings
  • Recent developments
  • Non-resident Landlord Scheme
  • Letting agents and tenants of non-resident landlords
  • Changes to CGT payment rules
  • Calculating CGT

Sarah Laing is a Chartered Tax Adviser. She has been writing professionally since 1998 when she joined CCH Editions as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences).

Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms, and now works as a freelance author providing technical writing services for the tax and accountancy profession.

ACCA logo

ACCA partner with to provide high quality CPD for members. As an ACCA member, you are required to complete at least 40 relevant units of CPD each year, where one unit is equal to one hour. 21 units must be verifiable; the other 19 can be non-verifiable.

Verifiable CPD
Your course counts as verifiable CPD, if you can answer "yes" to these questions:

  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.