The Property Planet

Simon Howley ATT (Fellow), CTA, ATA, AFA, MIPA and Amanda Perrotton LLB TEP Solicitor

A podcast by Bell Howley Perrotton LLP, focusing on the taxation and legal issues surrounding property investments, property development and property transactions in the UK. read less
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Episodes

VAT update with Jane Deeks
May 1 2024
VAT update with Jane Deeks
We are delighted to welcome back Jane Deeks for this episode for an overview of what you should be looking out for on any given transaction.The budget saw an increased VAT registration threshold to £90k.  Watch out for the running 12 month totals; make sure you comply with the 'look forward test'; recovery of VAT on a development; criteria for VAT registration, need to make taxable supplies and much more. Oh and by the way what are taxable supplies and what is exempt from VAT.We look at the reliefs that are available? Is it always a flat 20% or what can VAT to the reduced rate of 5%.  For example 'empty homes condition' is looking at what are the criteria to get within the relief, before you commence  development.What is the difference between zero rated and an exempt supply and how do various scenarios the impact of this?Giving us an example of partial exemption in simple terms - a fish and chip shop with a flat above.  For VAT purposes everything comes under the same VAT number.  Apportionments are required between the taxable supplies for the fish and chip shop and the income that relates to the exempt supply of renting out the flat.  Confused - then listen on.Jane runs us through the latest VAT cases and updates.An episode not to be missed that simply highlights the importance of taking expert advice.For more information about Bell Howley Perrotton LLP go to our websitehttps://www.bellhowleyperrotton.co.uk/To get in touch with Simon or Amanda their contact details can be found hereTeam (bellhowleyperrotton.co.uk)
Budget Changes to MDR, SDLT Update and Recent Tribunal Cases
Mar 28 2024
Budget Changes to MDR, SDLT Update and Recent Tribunal Cases
In this podcast episode, we are once again joined by Patrick Cannon, Barrister, and a recognised expert on all things SDLT, for an industry update on SDLT and how the abolition of MDR in the recent budget will have an affect on the market.In this episode we discuss the recent budget changes and tax tribunal cases relating to claims for Multiple Dwellings Relief for SDLT, and what is likely and unlikely to succeed; should HMRC challenge a claim.As always Patrick's strong tax knowledge and approachable manner, makes him a Property Planet favourite, providing comment and insight in a clear and understandable way. A new ‘Industry Recognised’ Property Planet episode will be uploaded each month and if you have any burning questions or queries regarding any tax or legal topic surrounding UK property, then we would love you to send them in to us at enquiries@bhptax.law, marked 'Property Planet' and we will try and include them in the next podcast. Link to the research material referred to in this podcast include:https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-multiple-dwellings-evaluation/stamp-duty-land-tax-relief-for-multiple-dwellings-process-evaluation-quantitative-findings-executive-summaryFor more information about Bell Howley Perrotton LLP go to our websitehttps://www.bellhowleyperrotton.co.uk/To get in touch with Simon or Amanda their contact details can be found hereTeam (bellhowleyperrotton.co.uk)
HMRC is not going away.  The passing deadline, Spotlight 63 and what to do next.
Feb 6 2024
HMRC is not going away. The passing deadline, Spotlight 63 and what to do next.
The 31st January 2024 HMRC deadline may have passed as set out in Spotlight 63,  but our phone lines and inboxes remain open for affected landlords to contact us who are looking for independent advice.SKS Baily Group made a blanket disclosure within the deadline which means that HMRC now have all the names of addresses of Landlords who have been part of their schemes.OCG accountants have written to all Less Tax For Landlords Clients to confirm that the Barrister they have instructed is acting in their best interests so who is acting in the Clients best interests?In this episode we  discuss with Elysium Law  how with a two pronged approach we can help.How you need to register now with Elysium Law as part of the negligence and breach of contract actions for losses that you have incurred as a result of the failed planning.How we can provide you with a detailed review of your circumstances and provide you with technical and tax advice on putting you back into a regularised tax position.What you should be doing now.How we can engage directly with HMRC on your behalf to reach a final resolution so that you can move on with your business and your life.How we can then provide structuring advice for your future.To read more from Elysium Law on the stance taken by OCG Accountants approach follow this linkhttps://elysium-law.com/news/ocg-accountants-their-advice-to-do-nothing/To contact Ruby Keeler- Williams email her at Ruby.Keelerwilliams@elysium-law.comTo contact Richard Gray email him on Richard.Gray@elysium-law.comFor more information about Bell Howley Perrotton LLP go to our websitehttps://www.bellhowleyperrotton.co.uk/To get in touch with Simon or Amanda their contact details can be found hereTeam (bellhowleyperrotton.co.uk)
Nudge Letters, COP8 and COP9 investigations and how we can help
Jan 17 2024
Nudge Letters, COP8 and COP9 investigations and how we can help
In this podcast we are joined by Adam Craggs of RPC and Patrick Way KC to discuss the impact of receiving a nudge letter from HMRC which have become more widespread since HMRC issued their Spotlight 63 in October 2023 setting  response deadline of 31st January 2024.Adam Craggs is a highly skilled Legal 500 Solicitor with 30 years experience in contentious tax; 16 years of which he spent at HMRC.  Endorsed as being 'phenomenally hard working with an insatiable desire to help the client' he is exactly the person you need in your corner if you are affected.As always Patrick's strong tax knowledge and approachable manner, makes him a Property Planet favourite, providing comment and insight in a clear and understandable way.  Listen now to hear how nudge letters come about, why they are on the increase and the impact on you and your business if they are ignored.  The flip from tax avoidance investigations under COP8 and therefore civil sanctions to tax evasion investigations under COP9 and therefore criminal sanctions is not something anyone would want to contemplate.To get in touch with Adam his contact details can be found hereAdam Craggs | RPCTo get in touch with Patrick his contact details can be found herePatrick Way KC – Field Court Tax Chambers (fieldtax.com)For more information about Bell Howley Perrotton LLP go to our websitehttps://www.bellhowleyperrotton.co.uk/To get in touch with Simon or Amanda their contact details can be found hereTeam (bellhowleyperrotton.co.uk)
Update on recent Stamp Duty Land Tax cases before the tax tribunals and MORE....
Jul 13 2021
Update on recent Stamp Duty Land Tax cases before the tax tribunals and MORE....
In this podcast episode , we are joined by  our regular guest, Patrick Cannon a leading specialist SDLT barrister.Patrick explains and we discuss the immediate issues of current SDLT cases before the Tax Tribunals and the impact they have now on UK property and land ownership, both for UK residents and non-residents.(Patrick Cannon can be contacted at www.patrickcannon.net)______________________________________________________________________________________A new episode will be uploaded regularly and if you have any burning questions or queries regarding any tax or legal topic surrounding UK property, then we would love you to send them in to to us at enquiries@bhptax.law, marked 'Property Planet' and we will try and include them in the next podcast.  Also if you would like to arrange a free 30 minute consultation on a particular tax or legal matter relating to UK property ownership, investment or development, then please contact the team on +44 20 7129 1432 or email us at enquiries@bhptax.lawWe'd love to hear from you.  Lets work together to create a game changing experienceEpisode is LivePublished: Jul. 09, 2021 @ 7AM EditUnpublishAdd a TranscriptGet episode better indexed by search engines.Add Chapter MarkersListeners can tap through & see what’s coming up.Create a Visual SoundbiteBest way to share to social media for engagement.Share Episode On FacebookTwitterLinkedInMore OptionsEmail Link to EpisodeDirect Link to MP3Embed this ONE EpisodeView Episode StatsFor more information about Bell Howley Perrotton LLP go to our websitehttps://www.bellhowleyperrotton.co.uk/To get in touch with Simon or Amanda their contact details can be found hereTeam (bellhowleyperrotton.co.uk)
How to use an Architect effectively and top tips on submitting planning applications
Mar 1 2021
How to use an Architect effectively and top tips on submitting planning applications
In this weeks  episode, instead of our planned head-to-head session we have special guest Ani Mokashi,  Architect, of The Property Foundation Group.We discuss how using an architect at the start of a development can same time with planning, save costs and add real tangible value to the project.  Plus some fantastic tips on how to use the planning application process to your benefit.(Ani Mokashi can be contacted at www.propertyfoundationsgroup.com)Next week will be out head-to-head session as planned!______________________________________________________________________________________A new episode will be uploaded each week, and if you have any burning questions or queries regarding any tax or legal topic surrounding UK property, then we would love you to send them in to to us at enquiries@bhptax.law, marked 'Property Planet' and we will try and include them in the next podcast.  Also if you would like to arrange a free 30 minute consultation on a particular tax or legal matter relating to UK property ownership, investment or development, then please contact the team on +44 20 7129 1432 or email us at enquiries@bhptax.lawWe'd love to hear from you.  Lets work together to create a game changing experienceFor more information about Bell Howley Perrotton LLP go to our websitehttps://www.bellhowleyperrotton.co.uk/To get in touch with Simon or Amanda their contact details can be found hereTeam (bellhowleyperrotton.co.uk)
Property businesses, issues with incorporation and also business property relief
Feb 23 2021
Property businesses, issues with incorporation and also business property relief
In this weeks  episode , our special guest is Katherine Bullock of Field Court Tax Chambers.  We discuss the nuances of property business incorporation and also touch on business property relief for Inheritance Tax.Katherine joined Field Court Tax Chambers in 2018, having previously been a senior tax partner with two Big 4 professional services firms for over 15 years, first as head of the UK Private Client Practice of PwC and then as the head of the Private Client Practice for Europe, Middle East, India and Asia and UK Family Business Leader at EY. She was voted top 50 Most Influential Private Client Practitioners 2013, 2014 & 201 and Spears 500 (Top 50 Tax Advisors) 2018(Katherine Bullock can be contacted at www.fieldtax.com)Next week,  Amanda and I will be having a head to head session discussion some interesting cases we have been working on over the past few months.______________________________________________________________________________________A new episode will be uploaded each week, and if you have any burning questions or queries regarding any tax or legal topic surrounding UK property, then we would love you to send them in to to us at enquiries@bhptax.law, marked 'Property Planet' and we will try and include them in the next podcast.  Also if you would like to arrange a free 30 minute consultation on a particular tax or legal matter relating to UK property ownership, investment or development, then please contact the team on +44 20 7129 1432 or email us at enquiries@bhptax.lawWe'd love to hear from you.  Lets work together to create a game changing experienceFor more information about Bell Howley Perrotton LLP go to our websitehttps://www.bellhowleyperrotton.co.uk/To get in touch with Simon or Amanda their contact details can be found hereTeam (bellhowleyperrotton.co.uk)