Monthly Archives: January 2016

Stamp Duty Land Tax (SDLT) on additional properties

January 28th, 2016

Proposals to bring in higher rates of stamp duty land tax (SDLT) on purchases of additional residential properties are expected to be finalised in time for the forthcoming Spring Budget on 16 March 2016. SDLT is paid on the purchase of residential property in increasing portions of the property price above £125,000. Current rates are […]


Introducing Innovative Finance ISAs

January 8th, 2016

From 6 April 2016, a new type of Individual Savings Account (ISA) will be launched – the Innovative Finance ISA. This new ISAs will be able to hold peer-to-peer (P2P) loans, which often pay significantly higher returns than cash accounts. Broadly, P2P lenders act as middlemen by matching people who wish to invest cash with […]


2016 Fuel and Van Benefit Rates Set

January 3rd, 2016

The Van Benefit and Car and Van Fuel Benefit Order 2015 (SI 2015/1979) comes into force on 31 December 2015 and takes effect for the tax year 2016-17 and subsequent tax years. The Order contains provisions for the following: – the cash equivalent of the van benefit will rise from £3,150 to £3,170 for 2016-17; […]


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