| 1 | Construction Industry Scheme (CIS) An overview of the Construction Industry Scheme, known as the CIS. The CIS is a special tax deduction scheme originally created in 1972. It has taken several forms (and names) since then. It sets out a framework for deducting tax at source from certain payments relating to construction work. | Practice note: overview | Maintained |
| 2 | Joint ventures: tax overview This practice note briefly describes the main tax issues to consider when establishing, operating and terminating UK-based joint ventures. | Practice note: overview | Maintained |
| 3 | SRA Code of Conduct 2011 toolkit A toolkit to guide users through PLC's resources on the SRA Code of Conduct 2011. | Practice note: overview | Maintained |
| 4 | Stamp duty land tax disclosure: overview This note provides an overview of the stamp duty land tax (SDLT) disclosure regime. | Practice note: overview | Maintained |
| 5 | The option to tax: overview An overview of the VAT option to tax. | Practice note: overview | Maintained |
| 6 | VAT disclosure: overview This practice note provides an overview of the value added tax (VAT) disclosure regime, which requires businesses to provide details of certain VAT planning arrangements to HM Revenue & Customs (HMRC). | Practice note: overview | Maintained |
| 7 | An introduction to Jersey property unit trusts (JPUTs) This note explains what Jersey property unit trusts (JPUTs) are, how they are established and why they are used for holding UK property. It considers the current advantages of using JPUTs and contains a table comparing and contrasting JPUTs with UK real estate investment trusts (REITs). This note also examines which categories different types of investors must fall into. | Practice notes | 02-Nov-2012 |
| 8 | Bank levy A practice note discussing the details of the bank levy applying from 1 January 2011. | Practice notes | Maintained |
| 9 | Buying an interest in property: tax Many commercial property transactions are, potentially, liable to direct and indirect taxes. This practice note considers the tax treatment of a property purchase. | Practice notes | Maintained |
| 10 | CIS gross payment status: what to do if you lose it A practice note about gross payment status under the construction industry scheme. This note explains what gross payment status is and how a sub-contractor should deal with losing that status. | Practice notes | Maintained |
| 11 | Contractual joint ventures: tax This note is an overview of the main tax issues to consider when establishing, operating and terminating a UK-based contractual joint venture. | Practice notes | Maintained |
| 12 | Direct taxes This practice note gives an overview of direct taxes in the UK tax regime. It covers income tax, corporation tax and capital gains tax. It discusses the principles of calculation, rates, payment and compliance, and reliefs (such as capital allowances and research and development (R&D) relief). | Practice notes | Maintained |
| 13 | Enhanced capital allowances (ECAs) for investment in ... A summary of the various enhanced capital allowance (ECA) schemes aimed at promoting environmental measures. | Practice notes | Maintained |
| 14 | Execution of deeds and documents Overview of the key legal requirements relating to the execution of deeds and documents under the laws of England and Wales. It reflects the law on execution from 1 October 2009. For details of the law governing execution of deeds and documents before 1 October 2009, see Practice note, Execution of deeds and documents: pre-1 October 2009. | Practice notes | Maintained |
| 15 | Holding an interest in property: tax Many commercial property transactions are, potentially, liable to direct and indirect taxes. This practice note considers the tax treatment where a corporate taxpayer holds an interest in property. | Practice notes | Maintained |
| 16 | Income tax: anti-avoidance and secondary liability This note is a general summary of the anti-avoidance rules applying for the purposes of UK income tax and the situations in which one person may be liable for income tax primarily chargeable to another person. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is taxed and exemptions from income tax. | Practice notes | Maintained |
| 17 | Income tax: calculation of income profits This note is a general summary of the rules for calculating income for the purposes of UK income tax. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is taxed and exemptions from income tax. | Practice notes | Maintained |
| 18 | Income tax: exemptions and reliefs This note is a general summary of exemptions and relief from UK income tax. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is calculated for income tax purposes and how income is taxed. | Practice notes | Maintained |
| 19 | Income tax: general principles This note is a general summary of the principles underpinning UK income tax. It describes what income is and how it is taxed. It also provides links to notes describing other aspects of the UK income tax rules, such as calculation of income and exemptions from income tax. | Practice notes | Maintained |
| 20 | Income tax: use of losses This note is a general summary of how losses may be used under the UK income tax rules. It also provides links to notes describing other aspects of the UK income tax rules, such as how income is taxed and exemptions from income tax. | Practice notes | Maintained |
| 21 | Investment funds: tax: introduction This practice note provides an introduction to the various structures commonly used for investment funds (for example, limited partnerships, UK authorised unit trusts, UK open-ended investment companies, offshore trusts and offshore companies) and the importance of tax planning in this area. It also provides links to other, more detailed practice notes, each of which addresses the tax issues relating to a specific type of investment fund. | Practice notes | Maintained |
| 22 | Investment trusts: tax This practice note examines the various tax issues that arise in respect of investment trusts, including the conditions that must be satisfied to attain investment trust status and the consequences of doing so. | Practice notes | Maintained |
| 23 | Joint venture companies: tax This note summarises the main tax issues to consider when establishing, operating and terminating a UK-based joint venture company. | Practice notes | Maintained |
| 24 | Joint venture partnerships: tax This note summarises the main tax issues to consider when establishing, operating and terminating a UK-based joint venture partnership. | Practice notes | Maintained |
| 25 | Key dates for corporate tax practitioners: 2013 A practice note listing key forthcoming dates in 2013 for corporate tax practitioners. | Practice notes | Maintained |
| 26 | Leases: tax Many commercial property transactions are, potentially, liable to direct and indirect taxes. This practice note considers the tax treatment of leases. | Practice notes | Maintained |
| 27 | Limited liability partnerships: tax The Limited Liability Partnerships Act 2000 is broadly intended to confer tax transparency on limited liability partnerships (LLPs) as is enjoyed by ordinary partnerships. The rules on taxation of partnerships are intended to apply to LLPs and their members. | Practice notes | Maintained |
| 28 | Limited partnerships: tax This practice note examines the various tax issues that arise in relation to limited partnerships, including the tax treatment of partners and the tax consequences of changes in limited partnership interests. | Practice notes | Maintained |
| 29 | Offshore funds: tax This practice note examines the various tax issues that arise in respect of offshore companies and offshore unauthorised unit trusts. It also provides a summary of the main UK anti-avoidance provisions that need to be considered in relation to the tax treatment of UK investors investing in offshore funds. | Practice notes | Maintained |
| 30 | Partnerships: tax An overview of the main tax issues to consider when setting up a partnership in England and Wales. | Practice notes | Maintained |
| 31 | Planning Act 2008: Community Infrastructure Levy: an ... This note provides an overview of the Community Infrastructure Levy (CIL) introduced by the Planning Act 2008 and the CIL Regulations 2010 (SI 2010/948). | Practice notes | Maintained |
| 32 | Property authorised investment funds: tax An overview of the direct tax regime for property authorised investment funds. | Practice notes | Maintained |
| 33 | Property contracts: dealing with plant and machinery capital ... This practice note looks at the issues that need to be considered when drafting or negotiating a clause in a property sale contract dealing with plant and machinery capital allowances. It considers the new rules applicable from April 2012, which impose additional requirements before a buyer can claim plant and machinery capital allowances on property fixtures. | Practice notes | Maintained |
| 34 | SDLT and partnerships The Finance Act 2003 takes the transfer of land between partners and partnerships, as well as the transfer of interests in partnerships owning land, out of the stamp duty regime and into the stamp duty land tax regime. | Practice notes | Maintained |
| 35 | SDLT and property transactions An overview of materials on Stamp Duty Land Tax. | Practice notes | Maintained |
| 36 | SDLT and residential property: the new top SDLT rate A note that looks at the new top rate of SDLT for residential property introduced in the 2012 Budget and how the 7% rate, effective from 22 March 2012, applies to typical land transactions where the purchaser is an individual. | Practice notes | Maintained |
| 37 | SDLT and stamp duty rates (for land) A note on the rates of SDLT on land transactions and the historic rates of stamp duty applicable to transfers of property other than shares. | Practice notes | Maintained |
| 38 | Selling an interest in property: tax Many commercial property transactions are potentially liable to direct and indirect taxes. This practice note considers the tax treatment of a sale of property. | Practice notes | Maintained |
| 39 | Stamp duty land tax This practice note considers the practical impact of stamp duty land tax in the context of commercial transactions. | Practice notes | Maintained |
| 40 | Tax clearances: transactions in land This note outlines the anti-avoidance legislation targeting transactions in UK land, which may tax gains as income instead of capital, and the procedure for obtaining HMRC clearance for such transactions. | Practice notes | Maintained |
| 41 | Tax for banking lawyers This practice note is a basic summary of the tax issues that frequently arise in respect of commercial lending transactions carried on by banks. Among other things, it considers distribution treatment for interest, withholding tax, stamp duty and VAT. | Practice notes | Maintained |
| 42 | Tax legislation tracker: archive A document containing items formerly found in PLC Tax legislation trackers but that are now in force. | Practice notes | Maintained |
| 43 | Tax legislation tracker: investment structures A document tracking the development of certain notable pieces of proposed new legislation relating to the taxation of investment structures. | Practice notes | Maintained |
| 44 | Tax legislation tracker: property, energy and environment A document tracking the development of certain notable pieces of proposed new legislation relating to property, energy and environment taxation. | Practice notes | Maintained |
| 45 | Tax on chargeable gains: general principles This note is a general summary of the UK rules applying to the taxation of chargeable gains. It describes what chargeable gains are, what assets are affected, when disposals arise, the way in which gains are calculated and the manner in which they are taxed, exceptions from taxation, anti-avoidance rules and how allowable losses may be used. This note is intended as a general overview, so you should be aware that the tax treatment in a particular case may differ from the general position described in this note. | Practice notes | Maintained |
| 46 | The option to tax: differences between opted and unopted ... A practice note discussing the differences between properties that are subject to an option to tax and those that are not and how this will influence how you should deal with a property, including how to account for VAT. | Practice notes | Maintained |
| 47 | The option to tax: disapplication This practice note consider situations where, under certain circumstances, an option to tax will be disapplied and not have effect. | Practice notes | Maintained |
| 48 | The option to tax: how to exercise an option to tax A practice note looking at how to exercise an option to tax and notify it to HMRC, including who should opt and whether HMRC permission is required. | Practice notes | Maintained |
| 49 | The option to tax: revocation This practice note looks at the revocation of an option to tax. | Practice notes | Maintained |
| 50 | The option to tax: scope A practice note looking at the physical scope of the option to tax, who it affects and the person opting. | Practice notes | Maintained |
| 51 | UK REITs: questions and answers This practice note sets out answers to some of the key questions on the UK REITs regime. | Practice notes | Maintained |
| 52 | Unit trusts and open-ended investment companies: tax This practice note examines the various tax issues that arise in respect of UK authorised and unauthorised unit trusts and UK open-ended investment companies. It considers the tax treatment of such funds and of their investors. | Practice notes | Maintained |
| 53 | Value added tax Value added tax (VAT) is a tax on supplies of goods and services made by a taxable person in the course or furtherance of a business. It is administered by HM Revenue & Customs. This note covers the VAT position on standard-rated supplies, exempt supplies, zero-rated supplies and supplies that are outside the scope of VAT. | Practice notes | Maintained |
| 54 | VAT and property: mortgagees and insolvency practitioners This practice note explains the VAT consequences of property sales by a mortgagee following a default by the mortgagor in an insolvency. | Practice notes | Maintained |
| 55 | VAT and property: tax points A short practice note which explains the tax point of a supply for value added tax purposes in relation to property transactions. | Practice notes | Maintained |
| 56 | VAT and property: the capital goods scheme An explanation of the capital goods scheme in so far as it relates to land and buildings. | Practice notes | Maintained |
| 57 | VAT and property: the option to tax The option to tax (previously referred to as the "election to waive exemption from VAT") plays an important role in property investments and transactions. This practice note sets out when an option can be exercised, the rules governing options and the effect of an option. | Practice notes | Maintained |
| 58 | VAT and property: transferring a business as a going concern A practice note providing a brief summary of the operation of the rules governing the transfer of a business as a going concern where the assets transferred include land and buildings. | Practice notes | Maintained |
| 59 | Withholding tax This practice note is a summary of the UK withholding tax rules on payments of interest and certain other payments (such as annual payments, guarantee payments, patent royalties and other royalties). It considers when withholding arises (including when interest has a UK source and when it is "yearly interest" rather than "short interest"). It also considers exemptions, such as the Quoted eurobond exemption and exemption under double tax treaties, and outlines the effect of the EU savings tax directive. Further, it discusses documenting for withholding tax, including gross-up clauses, and accounting for tax withheld. | Practice notes | Maintained |