SDLT- How much will you pay?

December 13, 2017 | by Sian Kelly | No comments

 

Stamp duty land tax (SDLT) was the headline-grabbing measure in the Autumn Budget on 22 November 2017, with the announcement that first-time buyers will no longer have to pay SDLT on the first £300,000 when they buy their first home, as long as the purchase price does not exceed £500,000.

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Is there a Minimum Period of Occupation Needed for Main Residence?

November 07, 2017 | by Sian Kelly | No comments

Main residence relief (private residence relief) protects homeowners from any gains arising on their only or main home. However, there are conditions to be met for the relief to be available.

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Letting out your holiday home

November 07, 2017 | by Sian Kelly | No comments

If you have a holiday home and decide to let it out, you may be able to benefit from the slightly more generous tax rules that apply to furnished holiday lettings as compared to other types of let, such as a residential let.

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Inheritance Tax- the Residence Nil Rate Band and downsizing

August 02, 2017 | by Sian Kelly | No comments

The residence nil rate band (RNRB) is an additional nil rate band, which is available where a death occurs on or after 6 April 2017 (or, in the case of married couples and civil partners, the death of the second spouse/civil partner occurs after that date) and the property is left to direct descendants.

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Property development- investment vs trading

June 23, 2017 | by Sian Kelly | No comments

For many, buying a property, doing it up and selling it for a profit is an attractive proposition. However

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How is rental income taxed on jointly owned property?

April 10, 2017 | by Sian Kelly | No comments

The situation where a married couple or civil partners jointly own an investment property that they let out is a familiar one, but when it comes to the rental income, special rules apply.

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