Property Tax: Tax on the Sale of Residential Property

Property Tax: Tax on the Sale of Residential Property

There are three major changes on the horizon which will affect the sale of residential properties. The changes are: Replacement of lettings relief with lodgers relief Reduction of the final exempt period Reporting capital gain All of the changes come into effect from...
Changes to the Stamp Duty Payment Window

Changes to the Stamp Duty Payment Window

The government has confirmed its plans to reduce the time limit for filing Stamp Duty Land Tax (SDLT) returns and paying any tax due. First announced in 2015, the measure was due to come into effect in 2017/18, but was subject to a delay. The publication of the draft...
Possible U-turn on Land Transaction Tax?

Possible U-turn on Land Transaction Tax?

The Welsh Assembly is to debate proposals later this month to abandon a part of the new Land Transaction Tax, which could have meant some landowners paying more tax in Wales than their English counterparts. Originally the Welsh Government had stated that when Land...