Fiona Campbell’s Post

After months of uncertainty, draft legislation to move forward with the abolition of the special tax rules for furnished holiday lets (FHLs) was released this week. My colleague Heather Britton explains what this means for FHL owners and what they should be considering. #FurnishedHolidayLets #FHL #propertytaxes #tourism

Today’s budget announcements for the rural sector ⭐️ The existing scope of Agricultural Property Relief will be extended from 6th April 2025 to land managed under an environmental agreement with, or on behalf of, the UK government, devolved administrations, public bodies, local authorities, or approved responsible bodies (section 2.8 in the document) ⭐️ The government also pledged to establish a joint HM Treasury and HMRC working group with industry representatives, to help provide clarity on the tax treatment of ecosystem service markets. ⭐️ The Furnished Holiday Lettings tax regime is being abolished to ‘level the playing field between short-term and long-term lets’ (section 2.7 in the document) https://lnkd.in/euVdRQGU.

Financial update France October 24 Katriona Murray from our office in the Poitou Charentes, Limousin & Aquitaine region share her regular update on what you need to know as an expat and tax resident in France over the coming months. Need to know more? Check out her article below: https://lnkd.in/ep_v-xrz #livinginFrance #taxinFrance #expatfinance

What if we could make taxes less painful? What if there were relatable, kind, knowledgeable accountants based here in Lausanne who are ready to answer any and all questions? We’ve dropped our first article in a series called “Ask Albatross” in collaboration with Albatross Audit et Conseils Sàrl  where they help to unravel tax mysteries without confusing jargon or tedious details. The first article is for all of you B permit holders! Read the article here: 💸🇨🇭 https://lnkd.in/eKCmRSDP

We strongly urge HM Treasury and GOV.UK to reconsider the proposed abolition of the FHL tax regime. The pace of change is simply too rapid for the thousands of micro-businesses that have operated under this HMRC tax framework for up to 40 years. Transitioning to a new tax regime by April 2025 is a unrealistic expectation. Forcing these businesses out of the FHL regime will have immediate and severe consequences, many of which are unintended, yet will cause significant financial burden to businesses that cannot bear it. The proposed abolition of the FHL tax regime is an anti-growth policy that will result in reduced investment, job losses, and a decline in local economies, particularly in rural and coastal areas. For the already hard-pressed self-catering sector in Scotland, this comes at a time of intense regulatory and financial strain, driven by The Scottish Government interventions including short-term let licensing and planning, changes to Non-Domestic Rates and the introduction of visitor levies. The accumulative impact of regulatory and taxation measures with no time to adjust will stifle growth, depress local economies, and further hollow out rural communities. Association of Scotland's Self-Caterers PASC UK Travel Chapter The Scottish Tourism Alliance (STA) Federation of Small Businesses (FSB) Scottish Agritourism Scottish Land & Estates Scottish Chambers of Commerce Clare Winskill Karen Kennedy CA Marc Crothall MBE Alistair Handyside MBE Ben Edgar-Spier Carl Thomson Fiona MacConnacher Charlie Reith Paul Stevens James S. https://lnkd.in/efNrcXNC

Luxemburg unveiled today major tax relief for 2025. From low earners exemptions to attractive bonus for expats and measures to revive the real estate market, the Government has decided to boost further the attractivenes of the country.

🏠 In this week's "Ask the Expert" series, Christelle WACK and Christophe Joosen from EY Luxembourg provide crucial insights on declaring rental income from properties in other countries. If you're Luxembourgish but reside and work in a non-EU country, and you've got rental property in Germany, it's essential to determine your tax residency first. 📝 Check out the full article for more expert advice! #TaxTips #RentalIncome #InternationalProperty #TaxCompliance #AskTheExpert #EYLuxembourg

🚨 Exciting Tax News for Belgian Industries! 🚨   The Belgian Government agreed to submit tax proposals to Parliament that are aimed to boost the competitiveness of Belgian industries. Here's a sneak peek at what's being discussed:   Innovation Income Deduction (IID) is now optional, paving the way for indefinite carry forward as a non-refundable tax credit. A strategic move to keep Belgium at the forefront of innovation. The 6% VAT rate for demolition and reconstruction works gets an extension, with new conditions that cater to the real estate sector.  A new salary tax exemption regime for shifts of unequal size is on the table, designed to alleviate the impact of a recent Constitutional Court decision. Curious about the details? Read the full newsletter and uncover how these changes could influence your company's tax strategy - stay informed with us!   👉 https://lnkd.in/d6jvYacT   #LetsTalkTax #BelgianTax #LinklatersInsights

🏡 🇫🇷 Considering property investment in France or already an owner? Stay updated with our latest article on changes to the 'déclaration d’occupation' for French property tax. This initiative aims to streamline the tax process and ensure all properties are appropriately assessed. Don't miss the June 30th deadline! Failure to comply may lead to penalties. Read more on the WPC Journal👇 #tax #france #realestate #realestateinvestment

Antigua and Barbuda was included in the EU list of non-cooperative jurisdictions for tax purposes in October 2023, after a negative assessment from the OECD Global Forum with regard to exchange of information on request. Following changes to the applicable rules in Antigua and Barbuda, the Global Forum has granted it a supplementary review, which will be undertaken in the near future. Pending the outcome of this review, Antigua and Barbuda has been included in the relevant section of Annex II. In addition, two jurisdictions that have been listed for an extended period of time, namely Fiji and Palau, have made promising steps towards compliance with the listing criteria, and this has been reflected in their entries in the list.