With several tax changes taking effect in April, experts reveal what this will mean for renters and landlords – including how these changes may impact property insurance in the future. Matthew Harwood, home and lifestyle expert at Confused.com home insurance, said: National Insurance charges “Firstly, the compulsory Class 2 National Insurance […]
Stamp Duty Land Tax (SDLT) is levied on property purchases in England and Northern Ireland, with thresholds determining the amount owed. Properties priced up to £250,000 (or £425,000 for first-time buyers) incur no SDLT, while rates of 5% apply to main residences priced between £250,001 and £925,000, and 8% for […]
The previous year will go down as one of the most unique on record for the property market, claims David Hannah, Group Chairman of Cornerstone Tax, the UK’s leading property tax advisory. 2023 has been a year defined by extremes, the fall-out from the Bank of England’s (BoE) fourteen consecutive […]
When somebody passes away, their estate becomes subject to either selling or transferring ownership. The specifics of how this is done can depend on certain individual factors. If the person were a joint tenant, the other tenant would immediately claim their share. This is known as the Rule of Survivorship. […]
I’m an inheritance tax expert, and this is what you need to know if you’ve inherited a property with one or more siblings… Heather Pollard, Head of Underwriting at Tower Street Finance explains the issues that can arise when receiving a shared inheritance, as well as how to navigate them. […]
Over half of UK adults expect to inherit at least one residential property during their lifetime, but many are unaware of what the Probate process looks like, how long it takes to get the keys, and if there are any associated costs. To help those of you unsure of what […]
The chancellor Kwasi Kwarteng announced plans to cut stamp duty in the government’s mini-budget today in order to aid economic growth. The cut in stamp duty is intended to allow more people to move homes and provide first-time buyers with a better chance to get on the property market. The […]
The Bank of England (BoE) today raised interest rates by 0.5% to 2.25%, the highest levels since 2008. In addition to this, the government is likely to cut stamp duty in an announcement tomorrow, in another shake-up to the housing market. In a decade defined by soaring inflation and an energy […]
It is expected that Liz Truss will announce plans to cut stamp duty in the government’s mini-budget this Friday to aid economic growth. The new prime minister hopes that by cutting stamp duty, more people will be able to move homes and provide first-time buyers with a better chance to […]
Paperwork, paperwork and more paperwork! Whether you are buying, selling or both buying and selling a house, you know that paperwork plays a very large role in the process. One of the more important are the deeds of a house. What are deeds, where are they kept and why is […]
