The latest research from Benham and Reeves shows that despite the imminent rollout of Making Tax Digital and the Renters’ Rights Act bringing new levels of compliance, regulation, and control over their properties, buy-to-let landlords are still buying up property assets at an increased rate, with the total buy-to-let mortgage value being […]
Landlord tax is a hugely complicated area, so if you are investing in buy-to-let or renting out any property you own, it’s well worth consulting a specialist property tax adviser. They can help ensure you: Own, let, take income and realise gains from your investment in the most tax-efficient way […]
On the 1st April, the government altered Stamp Duty thresholds, increasing the tax burden on those purchasing homes. For traders whose business revolves around the buying and selling of property, this has added a significant cost to the process. However, there are still ways for property traders to make the […]
As the Stamp Duty holiday deadline of March 31st approaches, new research from mortgage broker Mojo Mortgages reveals eye-opening insights for first-time buyers in London. Mojo Mortgages have analysed the average house price in every Greater London borough before calculating the current Stamp Duty cost today and comparing it to the predicted Stamp Duty […]
From April 1st, significant changes to Stamp Duty Land Tax (SDLT) will take effect, particularly impacting first-time buyers. The nil-rate threshold for first-time buyers will decrease from £425,000 to £300,000, with a 5% rate applying to properties priced between £300,001 and £500,000. Additionally, the maximum property value eligible for first-time […]
With the stamp duty increase kicking in from April, homebuyers across the nation are keen to complete in order to make a saving, presenting sellers with an opportunity to take advantage of increased market demand, whilst potentially securing a higher asking price for their home, not to mention saving on […]
Last week’s Autumn Budget included an unexpected 2% increase in the UK’s second home surcharge, raising it from 3% to 5%. The Chancellor latest step will discourage second home ownership, aiming to create more opportunities for prospective homeowners. Another stamp duty change from the Labour government – the end of the temporary nil rate increase […]
Buy-to-let landlords and second home owners were expecting another tax squeeze from the Chancellor. But what they got was a whack with a hammer. according to Peter Stimson, Head of Product at MPowered Mortgages, who commented: “Not an increase in general taxation or the Capital Gains Tax they pay when selling […]
If you have an empty house for any reason, whether you’ve inherited it or you’ve moved into another property and your current one is on the market, then you don’t want to be paying tax on the property, of course. However, this doesn’t mean that you simply avoid paying it, […]
Investing in property overseas can offer more than just a holiday home or rental income, it can also provide various tax benefits. Understanding these tax benefits is essential for maximising returns and minimising tax liabilities. 1. Tax deductions Owning real estate overseas opens up avenues for various tax deductions that […]
