GN09-11 Capital Gains Tax: average land values in 1982

Many members will need a handy reference to land values on or around April 1982 to help with tax planning.  While this guidance note provides that, it is particularly important to note that this guidance note carries no weight in discussions with the Inland Revenue, and is designed simply as an indication of average values from statistical sources.  Members' taxation calculations should always be undertaken with the benefit of professional advice.

EU Consultation on Reduced Rates of VAT

The framework of VAT rates is set by the EU.  There are a number of areas in which member states are allowed (but not obliged) to set reduced VAT rates (of 5% or more).  The EU wishes to rationalise this, and a consultation suggests reduced rates for work to private dwellings.  The CLA response supports this and also proposes its extension to non-residential listed buildings.  If either or both were permitted by the EU, the CLA and others would then seek to persuade the UK government to set reduced rates in the UK.

GN17-03: Advice on how the valuation office decides whether stables should be liable for council tax or non domestic rates.

Do you own stables? The financial consequences of them being subject to Non Domestic Rates rather than Council Tax can be significant.

CLA Guidance Note GN17-03 explains how the Valuation Office decides which it should be and what you can do about it.

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