Vale & West Chartered Accountants Blog

Category Archives:Property

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

Treasury weighing up tax break for landlords who sell to young adults

The chancellor, Phillip Hammond is considering introducing a tax break in this month’s budget rewarding landlords who sell their properties to sitting tenants, after it was revealed that 40 per cent of young adults are unable to buy a home. Read More

More than half of UK landlords are optimistic about outlook for buy to let market

A new survey has found that over half of landlords in the UK feel optimistic about the buy to let sector despite a raft of regulatory and tax changes introduced in recent years. Read More

AAT calls on Government to reconsider proposed Rent a Room tax relief changes

The Association of Accounting Technicians (AAT) has called on the Government to rethink its proposals to reform Rent a Room tax relief, amid concerns that the changes would result in “unnecessary complexity.” Read More

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