Owners of furnished holiday lets having problems meeting HMRC criteria die to COVID-19 may be able to make a period of grace election.
With people choosing to holiday in the UK, renting out part of your home as holiday accommodation could help improve your household income.
New 30 day reporting and payment rules for Capital Gains Tax due on the sale of residential property
From April 2020, there are changes to how long you have to pay your Capital Gains Tax (CGT) when selling residential property.
HMRC has confirmed that they will extend the normal three year limit for refunds of higher rate Stamp Duty Land Tax (SDLT) if a sale of a previous main residence was prevented due to the government’s coronavirus lockdown restrictions.
The government has temporarily extended the time limit for notifying them of the decision to opt to tax land and buildings to 90 days.