Tax on dwellings held by companies
Be aware that the ATED charge for 2023-24 to 2027-28 must be based on the property’s open market value on 1 April 2022 and it is up to the property owner to provide that valuation.Â
Home buyers to pay less stamp duty
The Chancellor has announced that the entry threshold for SDLT payable on residential properties would double to £250,000 for deals completed on or after 23 September 2022.
Are you having issues understanding the VAT reverse charge?
It has been just over four months since the introduction of the domestic VAT reverse charge for building and construction services. This major change for the construction industry moved the responsibility to the customer who receives a construction service. Customers...
Business rates on empty properties
As a landlord you may have lost income during the pandemic as tenants have left or gone into liquidation. Council tax (for residential properties) and business rates (for commercial premises) remain payable when a building is empty but there may be reliefs available....
CGT on sale of homes
Capital gains tax (CGT) may be due when you sell a second home or a property that has not been occupied as your main home for the entire period of ownership. For sales of UK homes completed since 6 April 2020 any CGT due must be declared and paid within 30 days of the...