By Neil Driver According to new data, HM Revenue & Customs has seen an increase in the tax it collects from property in the last 12 months due to rising property prices.
By Neil Driver According to a new survey, a quarter of Landlords have been left baffled by the ever-changing regulations related to the private rental sector.
By Neil Driver Capital allowances are a really popular way of businesses reducing their annual tax bill and with so many different forms of relief on offer, there has never been a better time to make use of them.
By Neil Driver, Director at Davis Grant The Government has announced its intention to close a tax loophole that could leave second homeowners facing higher bills. Michael Gove, Secretary of State for Housing, Communities and Local Government, has confirmed that the Government will introduce new rules next year that will only allow second homeowners to […]
During the last decade, the UK property industry has seen an increasing number of tax rules and legal obligations place on investors and landlords, including changes to the wear and tear rules, lettings relief and mortgage interest relief.
According to the UK’s largest mortgage lender, Halifax, house prices in the UK hit a significant record during August but the yearly growth pace in property values slowed.
By Neil Driver, Director at Davis Grant At this point in time, it is looking likely that the Stamp Duty Land Tax (SDLT) holiday will end on 31 March as originally intended, despite calls from many in the property sector to extend this support.
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.
On 6 April 2020, significant changes are due to be introduced by HMRC which may increase the capital gains tax due when you sell a residential property. Make sure you are aware and read our forward planning recommendations. Download PDF for Offline Reading These changes seek to raise extra revenue from the disposal of residential […]