LBT8kskD
type: Answer
type: WrittenAnswer
answer has question: ma6vlVTc
answer has answering person: 0J37XN5v
answer text: The suggestion by the Office for Tax Simplification (OTS) for a brightline test would create an arbitrary dividing line, and potential preferential tax treatment for those able to afford to buy more properties, as opposed to considering whether an activity constitutes trading or property letting on its merits. The OTS suggestions also had the effect that more activities would be considered trades. As a result the Government decided not to take that suggestion forward, but does keep all aspects of tax policy under review.
answer given date: 2024-03-21+00:00
answer has answering body: HYfypSOE
written answer has answering body: HYfypSOE