Tax Tips: December 2019

The Government ruled out a capital gains tax in April. Since then, we have seen a considerable number of changes and proposals relating to the taxation of land.

This issue of Tax Tips outlines the activity around the land-taxing rules this year, including the introduction of the ring-fencing of residential rental losses in July. We also comment on Inland Revenue’s guidance on the business premises exclusion and the tax treatment of short-stay accommodation as well as proposals on the regular pattern exemption, deductibility of holding costs for private use and tax on vacant land.

Download Tax Tips to find out more about these developments.


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