22 Apr 2021 | Firm News, Personal Tax Planning, Property Services
New rules were introduced in April 2020 requiring that individuals who sell residential property on which CGT is payable must report and pay the gain to HMRC within 30 days of completion of the sale of the property. We are continuing to assist clients in meeting their...
14 Apr 2021 | Firm News, Personal Tax Planning, Property Services
Following the introduction of the tax relief restriction on finance charges for residential lettings, we often receive enquires asking “should I incorporate my property rental business?”. The restriction which has been introduced restricts the tax relief...
10 Sep 2020 | Firm News, Property Services
“STAMP DUTY HOLIDAY” the press reported following Chancellor of the Exchequer, Rishi Sunak’s announcement in July. What does this actually mean and who can benefit? We have already seen a significant increase in mortgage applications and property purchases by...
12 Jun 2020 | Firm News, Personal Tax Planning, Property Services
Currently where you purchase a new home prior to selling your existing home, you are required to pay the higher rate of Stamp Duty Land Tax on the new purchase. However on sale of the old property, you are, subject to the following rules, eligible to claim a refund...
21 May 2020 | Firm News, Personal Tax Planning, Property Services
As you will no doubt be aware, there have been changes introduced from 6 April 2020 which require reporting for tax purposes a lot earlier than normal. If you have made a taxable gain on a residential property, you are now required to report this to HMRC within 30...
15 May 2020 | Firm News, Personal Tax Planning, Property Services
Landlords and owners of second homes who have to pay Capital Gains Tax (CGT) on the sale of their additional property, now have to report and pay the tax within 30 days from 6 April 2020. Private Residence Relief allows people to sell their main residence without...
