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Summer stamp duty changes

Summer stamp duty changes

The Chancellor’s Summer Statement introduced temporary changes in stamp duty land tax on homes, which prompted similar – but not identical – changes in Scotland and Wales. In his Statement on 8 July, the Chancellor raised the starting point for stamp duty land...

Upcoming changes to Property Taxation

From April 2020, there will be some changes to the way property tax is collected by HMRC. Here’s a breakdown of what you need to be aware of: Example 1 Current Legislation The last 18 months of ownership for a residential property are ignored for capital gains tax...

Property tax payment window cut

From 1 March the timescale for payment of stamp duty land tax (SDLT) in England and Northern Ireland has been cut in half. Both residential and commercial property transactions now have only 14 days to pay SDLT. The cut, down from 30 days previously, affects all...