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

Rental disclosures – the ‘Let Property Campaign’

Rental disclosures – coming clean about undeclared income Many landlords are unaware that they need to declare rental income and could be setting themselves up for hefty interest and penalties in the future if they don’t take any action. HMRC ‘s  ‘Let Property Campaign’ encourages individual landlords (letting out residential property) to disclose previously undeclared income.  As the scheme is … Read More

Autumn Statement 2015 – corporate & property taxes

Buy to Let Properties / Second Homes Further to the interest restriction to be phased in from April 2017, the Chancellor announced further measures today to hit this sector: Capital gains tax due on residential properties is currently paid in the January following the end of the tax year via the self- assessment tax return. New measures announced today will … Read More