In the 2018 Budget, the Chancellor introduced changes to Entrepreneur’s Relief, which is available on the disposal of assets or shares held in a personal company.
There has been a recent case going through the courts where Mr Higgins purchased an apartment in 2004 and paid a holding deposit but issues relating to the title prevented construction from starting. Mr Higgins did not therefore move into the apartment until January...
How many times have we heard people say – how will they catch me? HMRC will never know! Well HMRC is biting back. Gone are the days of an Inspector going undercover to sit in a car outside a customer’s house or at the end of a bar, paying in cash. Instead, over the...
You may have heard talk of the restrictions being imposed on landlords for finance costs incurred from April 2017, but do you really understand the new rules? Here at Lambert Chapman LLP, our clients continue to send details of the full amount of mortgage interest...
There have been quite a few changes to the taxation of rental income and rental properties in the past few years – removal of “Wear & Tear” allowance, restriction of relief for loan interest, increased exposure to Stamp Duty Land Tax, extra Capital Gains Tax. And...
We are all aware that Councils are being pushed to find land on which to build houses to achieve Government targets. Maybe you have some land which you are considering selling for development, but have you thought through all your options and considered all the...
