The abolition of Multiple Dwellings Relief (MDR) following Chancellor Jeremy Hunt’s Spring Budget, has brought into sharp focus the additional costs for investors when they purchase multiple properties in the UK. Property buyers now have to pay an increased amount of tax, with investors now having to purchase six or […]
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 […]
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 […]
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 […]
With rising interest rates and the cost-of-living crisis highlighting the importance of financial stability for Brits, it comes as no surprise to see them searching for ways to supplement their salaries. A study from IW Capital shows that 29% of Brits are planning to earn money through passive income sources […]
Among the various types of investments that are available to the average investor, property and real estate are considered among the most secure and reliable investments. Real estate investments are rarely subject to huge crashes, and generally appreciate in value as the years pass. Property investment has always been seen […]
All good things must come to an end. That said, there is now some level of debate regarding whether or not the Stamp Duty holiday was ever a good thing in the first place. There’s even more debate about whether or not it was wise to extend it. Be that […]
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 […]
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 […]
