Of interest to incorporated BTL portfolio owners

[cojak]

This is Fred Blog's original post:

You may or not be aware of this, but if you have incorporated a company to own your BTL portfolio, then I think this is important.

Link - HMRC One to Many Letter – Capital Gains Tax Incorporation Relief – Property Businesses

[northernladuk]

Isn't is specifically for people with BTL in an incorporated company that declared a disposal of property interests. So anyone that holds property but didn't sell any won't get it? So quite a specific group of people.

Must admit I don't understand why they don't do this as standard process every year. I worked on a project many years ago joining up inter gov depts data allowing much easier sharing so comparing people with more than their own house in LTD/SPV or personal and their SA's would be a piece of piss now. Nothing much more than a simple query against Land registry where someone has more than one title vs no submitted SA would clean up most of the tax dodgers. Expand that to people that did an SA, hold in SPV and so on. I thought it would be a no brainer.

[eek]

Probably has little to do with us and a lot more to do with a couple of schemes that were really, really fundamentally flawed..

https://www.taxpolicy.org.uk/2023/11/28/what_happened/

https://www.taxpolicy.org.uk/2023/10/05/lt4f/ and https://www.taxpolicy.org.uk/2023/09/22/amazing/ has more details.