Vale & West Chartered Accountants Blog

Category Archives:Property

FSB calls on Government to support bricks and mortar businesses

The Federation of Small Businesses (FSB) has called for a new 100 per cent business rates relief scheme for childcare providers in England. Read More

Non-resident UK property owners to be hit with new tax charge

People that possess property in the UK but do not live in the UK have been advised of a tax charge which comes into force next month on sales of both residential and commercial property and land. Read More

Can a tax tribunal ruling point out stamp duty surcharge exemption?

A recent tax tribunal verdict may have just opened an opportunity where buy to let investors could avoid paying the three per cent stamp duty surcharge levied on additional homes. Read More

Landlords converting to limited company status to purchase properties

According to new research conducted by property experts, 64 per cent of landlords with more than four properties will buy using limited company status compared with 21 per cent who intend to buy as individuals. Read More

BTL tax reforms deemed ‘misguided’ as Philip Hammond is asked to reconsider

Estate agents Haart are urging chancellor Philip Hammond to reconsider the government’s “misguided” buy-to-let tax reforms as a lack of new homes to buy pushes up rental prices by six per cent. Read More

Law firms: are you ready for digital tax?

Some 1.2 million organisations, including solicitors, barristers and alternative law firms, have just one month left to prepare for the introduction of Making Tax Digital (MTD), the Government’s new digital tax regime. Read More

Stamp duty receipts dropped in January

Stamp duty receipts fell to £848m in January, the latest data from HM Revenue and Customs (HMRC) has revealed. The figure is down from the £1.1 billion received in December, and is also the lowest figure for stamp duty since last February. Read More

Time limit to pay Stamp Duty Land Tax reduced from March

The time limit to file a Stamp Duty Land Tax (SDLT) return and pay the tax due will be reduced from 30 days to 14 days from next month. Read More

Capital gains tax payment rules warning to residential property owners

The Association of Taxation Technicians (ATT) has issued a warning to residential property owners, about the need to carefully consider the timing of any sale or gift of their property in future. Read More

Second-home tax rules to be reviewed, says Government

The tax rules for second-homes are to be reviewed by the Government after a “loophole” was discovered which could be costing local councils millions of pounds each year. Read More

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