Johnson Wants to Make Sellers Pay Stamp Duty
Tory leadership hopeful Boris Johnson wants to make sellers pay stamp duty instead of buyers. He hopes the change could see the Treasury pick up an extra £700 million year as the move would see the first-time buyer exemption scrapped. Johnson has pledged to include...
We Can’t Keep Up With Property Tax Tinkering, Say Experts
Ministers should hold off tinkering with stamp duty rules for landlords and property investors after a slew of changes in recent years, says tax experts. The changes impact home buyers and buy to let investors, who along with their advisors, are hard-pushed to keep up...
CGT Discount Offered by Hopeful in Tory Leader Race
Former Cabinet minister Dominic Raab has thrown his hat into the ring to become the new Tory leader with a mini-housing manifesto. He is courting favour from millions of landlord and tenant voters by promising to give renters a share of any capital gains tax paid by...
Judge Kicks Out HMRC Stamp Duty Claim
A couple has won a row with HMRC over if they should have paid more stamp duty when they bought a derelict bungalow that was not suitable for them to live in. HM Revenue & Customs challenged the claim by Paul and Nikki Bewley that the bungalow in the West Country...
Landlords Can Still Claim Billions in Tax Breaks
Landlords claimed £17.5 billion in buy to let tax breaks last year – and despite plans to increase taxes, landlords will still be handed billions by the state to subsidise their property rental businesses. Freedom of information data broke the amount down in to...
Buy To Let Investing – What Landlords Need To Know
Recent changes to buy to let tax and more legal responsibilities for landlords mean investing in property may not be as profitable as in the past. Landlords should think carefully before they tie up money in a rental home and should ensure they understand how the...
Stamp Duty In Wales To Be Scrapped For New Land Tax
Welsh politicians are expected to scrap stamp duty in favour of a new land transaction tax in the first step towards devolving tax raising powers from Westminster to Cardiff. The land transaction tax is expected to take the place of stamp duty from April 2018....
Budget 2016 – Tax Changes For Landlords
Buy to let landlords were hit again in the pocket by Chancellor George Osborne’s Budget 2016. Investors ploughing cash into commercial property will pay more stamp duty from March 17, 2016. The rules are changed to align with the way stamp duty is calculated for...
How High Rate Stamp Duty Works For Investors
Property investors and second home owners have finally found out how the new higher rates of stamp duty will add thousands of pounds to home purchases from April. The Treasury has published a consultation document packed with more than 40 examples and asking for...
Proposed Stamp Duty Increase For Property Investors
Chancellor George Osborne wants to add a 3% surcharge to stamp duty for property investors purchasing second homes or homes to rent out. The measure is aimed at catching investors who buy homes for cash and are outside the net for changes in mortgage interest relief...HMRC Publishes Stamp Duty Changes Fact Sheet
The way stamp duty is being calculated on the purchase of residential property changes from midnight tonight. According to the Government, 98% of people will save as a result of the changes: Stamp duty will be cut for 98% of people who pay it. If you’re buying a home...Basic Tax Implications To Be Aware Of
Over the last year the number of buy to let mortgages in the UK has risen, partly as new investors enter the property market and as professional landlords look to expand their portfolios. Regardless of the number of buy to let properties you own it can always help to...Coronavirus Guidance
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