Tax Partner and Chair of the Chartered Institute of Taxation’s Property Taxes Committee, Marc Selby warns of the potential risks and unfairness in HMRC’s proposals to amend the rules for claims for SDLT multiple dwellings relief (MDR) and the SDLT treatment of “mixed-use” property.
Tax Partner, Marc Selby provides his views on the Stamp Duty Land Tax holiday, SDLT non-resident surcharge and multiple dwellings relief, ATED and the payment of CGT on disposal of residential property.
With claims emerging that the furlough scheme has been fraudulently applied it is highly likely that HMRC will be looking to pursue criminal sanctions against blatant cases of tax fraud where it considers there is clear dishonesty or exploitation.
Laytons LLP is pleased to announce that Marc Selby has been appointed as Chairman of the Property Taxes Committee of the Chartered Institute of Taxation (CIOT).
HMRC has added a new paragraph 7.6 entitled “Authorised persons for particular legal entities” to notice 742A: Opting to tax land and buildings. This new paragraph confirms that HMRC are conducting reviews of option to tax notifications.
Tax specialist, Marc Selby has been featured in Telegraph Money in an article highlighting the fact that house buyers are routinely paying too much stamp duty because their solicitors fail to understand complex rules.
