The Stamp duty land tax (SDLT) threshold was raised to £500,000 from 8 July 2020 to 31 March 2021 and will now remain at that level until 30 June 2021.
A tax expert has stepped in to clear up confusion over Capital Gains Tax (CGT).
Whitley Stimpson recommends transparency over taxable lettings income to Airbnb hosts in order to avoid penalties.
Capital gains tax (CGT) rules on residential property are being tightened from April 2020, so farmers and landowners should consider completing any planned sales before this deadline, advises experts at Whitley Stimpson.
Ian Parker, Director at leading, local accountancy firm Whitley Stimpson, considers the impact of a tax tribunal decision earlier this year on claiming capital allowances on structures.