Budget 2020 – Property taxes

Property Taxes Non-UK resident Stamp Duty Land Tax (SDLT) surcharge– From 1 April 2021 a new 2% SDLT charge will apply on non-UK residents purchasing residential property in England and Northern Ireland. In recent years we have seen various measures to discourage non-UK residents from investing in the UK property market to free up the housing market. Business Rates – … Read More

Budget 2020 – Business taxes

Fewer Business taxes were announced in the Budget than we were expecting. Corporation Tax – As expected from the election manifesto the legislated reduction in corporation tax rates from 19% to 17% due to be effective from the 1 April 2020 is removed. Corporation tax rates will remain at the current level of 19% which is still a low rate … Read More

What we’re expecting to see in the Budget 2020

Based on rumours, political commentary and our professional hunches, here’s what we’re expecting to hear in the Budget on 11th March 2020: Entrepreneurs’ Relief – ER at 10% is currently available on sale of qualifying business assets, which include a trading business or shares in a trading business. The rate is available on lifetime gains up to £10m then usual … Read More