As Chancellor Rishi Sunak today confirms during the Spring Budget 2021 that the Stamp Duty Holiday deadline has been extended, we bring you reflection and commentary from some of the property industries leading figures on what they have heard coming out of parliament. Government support for coronavirus continues UK to […]
In identifying ways to cover the considerable costs brought about by the pandemic of 2020, Chancellor Rishi Sunak has suggested a substantial raise in the amount of tax levied on capital gains. Higher-rate taxpayers will be amongst those who are hit hardest, if this report is to come to fruition. […]
Many people ask what is SDLT/Stamp Duty Land Tax and we have the answers thanks to David Hannah of Cornerstone Tax Advisors who has provided us with this short video to explain. If you buy property or land in England or Northern Ireland over a certain price you must pay […]
The buy-to-let market has become increasingly frustrating for landlords in recent years. The phasing out of buy-to-let tax relief, combined with a ban on letting fees, deposit limits and a raft of other regulations, caused many to consider whether to invest. This hesitation naturally became heightened during the lockdown as, […]
Positive news coming out of the Houses of Parliament today as Chancellor Rishi Sunak raises the threshold for paying Stamp Duty from £125,000 to £500,000 on property until March 2021. Here what the experts have to say… Tim Hyatt, Head of Residential at Knight Frank, commented: “Moving house has a […]
Whether you’re upgrading to a bigger home, investing in a BTL property to bolster your pension, or acquiring a commercial premises, chances are that the amount of Stamp Duty Land Tax (SDLT) that you pay on the purchase isn’t at the top of your priority list. Securing a mortgage, arranging […]
Property owners become landlords for a variety of reasons but one thing that they all have in common is the desire to maximise rental income profits and/or capital growth from their property investment. A common mistake is to think that the only way that this can be achieved is by […]
Passing on a buy to let (BTL) property to your child is an excellent investment in their future. They’ll benefit from both the value of the asset and the income it generates. However, if you have a property you’re looking to transfer, you need to be aware of the Capital […]
Even though the London property market is currently in slowdown, prices remain some of the highest in the country. This obviously puts pressure on affordability and this pressure is increased by the cost of Stamp Duty Land Tax, which can be very expensive for residential buyers and even more so […]
The vast majority of UK properties are privately owned by individuals, many having been purchased as an investment rather than as a main residence. The private investor landlord is taxed on the amount of letting income received less allowable expenses incurred on a fiscal year basis, as well as on […]
