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 […]
With low interest rates, property remains attractive. For many people with money to invest, property feels like one of the few opportunities that can provide a reliable, substantial return over time.
Most buy-to-let landlords saw their tax bills increase in 2017/18, suggesting the effects of changes to mortgage interest relief were beginning to be felt one year after they were introduced. In a survey by Paragon, 58% of landlords said their tax bill for 2017/18 was higher than a year before, with an average annual increase […]
Has devolution affected what tax you pay? Download PDF for Offline Reading First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up to affect property taxes in Autumn Budget 2017. Philip Hammond’s headline measure was to abolish stamp duty for first-time […]
There are important tax implications of having an up to date value for the property that is owned by your company (or partnership which has a corporate partner). This information is used by us to complete returns for HMRC that determine how much or little tax you need to pay. For our team of tax […]
As a landlord or property investor you must consider tax liabilities at the various phases of owning and renting a property, from purchasing, letting and on sale.