Property Investors

HMRC Reassures Buy-to-Let Landlords

An unannounced amendment to the Finance Bill, under which gains from certain property disposals will be charged to income or corporation tax rather than capital gains, should not adversely affect buy-to-let investors, according to the National Landlords Association. The government…
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Treasury adds last-minute ‘stealth tax’ on buy-to-lets

The Law Society (England and Wales) has sharply criticised HM Treasury for adding significant new clauses to the Finance Bill 2016 at the report stage without any consultation. It says clauses 75-78 regarding the taxation of buy-to-let properties, will result…
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Welsh government prepares replacement for stamp duty

The Welsh government has published a draft of the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill. The new tax would replace stamp duty land tax on transactions from 1st April 2018, though initially it will be consistent…
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Stamp Duty Land Tax Surcharge on Second Homes

THE BASICS On 28th December 2015 HM Treasury published details of how it will apply the new stamp duty land tax surcharge on second properties. Full details may be found at – https://goo.gl/HvRUQz The draft guidance indicates that the additional…
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AUTUMN STATEMENT 2015: Stamp Duty Land Tax Changes

SDLT: additional properties Higher rates of SDLT will be charged on purchases of additional residential properties (above £40,000), such as buy to let properties and second homes, from 1 April 2016. The higher rates will be 3 percentage points above the current SDLT rates….
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AUTUMN STATEMENT 2015: Capital Gains Tax Changes

From April 2019, a payment on account of any capital gains tax due on the disposal of residential property will be required to be made within 30 days of the completion of the disposal. This will not affect gains on properties which…
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Trustees and Residential Property

The government has tabled amendments to the Finance Bill extending the restriction on interest relief on let residential properties to the trustees of discretionary or accumulated income settlements. Interest paid by the trustees property business will be restricted to the…
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POST BUDGET PLANNING ISSUES FOR PROPERTY INVESTORS

In last months Budget, the Chancellor announced that mortgage interest payments and arrangement fees incurred when taking out buy to let mortgages for residential properties will be restricted to the basic rate of tax, currently 20%. This change in practice…
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