By Neil Driver, Partner at Davis Grant The last few years have been challenging for many landlords and investors given the legislative and economic difficulties that have emerged in the last decade.
By Neil Driver, Director at Davis Grant Non-resident landlords are, for the first time, having to get to grips with new rules regarding Corporation Tax that were introduced more than a year ago.
The Annual Tax on Enveloped Dwellings (ATED) return for 2021 to 31 March 2022, and any tax due for the year, is due by 30 April 2021.
Thousands of property buyers and sellers will be pleased to learn that the Chancellor has not only extended the Stamp Duty Land Tax (SDLT) holiday, but also offered a follow-on temporary change to the threshold to provide support to the sector for longer.
On 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules.
By Neil Driver, Director at Davis Grant Hundreds of property developments across the UK that are undertaken on contaminated land could benefit from a unique tax relief that reduces a company’s Corporation Tax bill or provides funding via tax credits.
All contractors and subcontractors should register with HMRC for the construction industry scheme. Subcontractors will be subject to a higher-rate deduction if they have not registered. The new domestic reverse charge for construction services comes into force on 1 October 2019. Download PDF for Offline Reading
If your property business pays subcontractors or spends substantially on construction you must make sure you are compliant and register with HMRC. Don’t risk hefty penalties.
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