Category Archives: Property

VAT on holiday accommodation

October 30th, 2018

Letting of residential accommodation is generally an exempt supply for VAT purposes. However this exemption does not apply to holiday accommodation (includes furnished and non-furnished holiday lettings. The definition of ‘holiday accommodation’ for these purposes includes property that is advertised or held out as holiday accommodation and those consider suitable for holiday or leisure use. […]


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CGT annual exemption: use it or lose it!

June 24th, 2017

Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling various types of assets including properties (but generally not a main residence), stocks and shares, paintings, and other works of art, but it may also be payable in certain circumstances […]


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Restriction of tax relief on finance costs for individual landlords

October 28th, 2016

New provisions will take affect from April 2017, which will see tax relief for finance costs on residential properties being gradually restricted over a period of three years, until, by 2020/21, all financing costs incurred by a landlord will be restricted to the basic rate of income tax. Such finance costs include mortgage interest, interest […]


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Guidance on SDLT Budget reforms

April 25th, 2016

Following announcements made in the 2016 Budget on 16 March, HMRC have published further guidance on the changes that are being made to stamp duty land tax (SDLT), and how they affect non-residential property transactions from 17 March 2016. The changes mean that: – on or after 17 March 2016, the SDLT rate for non-residential […]


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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 […]


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