From 1 April non-resident property purchasers will have to pay an additional 2% stamp duty land tax charge on purchases, explains Zigurds Kronbergs, specialist tax writer at Croner-i
In a welcome move for home buyers midway through property transactions, the Chancellor confirmed that the stamp duty holiday would remain in place for a temporary period
In our weekly Q&A, Croner Taxwise tax adviser Ibrahim Nalla, examines the tax compliance issues around private residence relief when owners dispose of their main residence and have to account for garden sales
A special stamp duty land tax (SDLT) hike for non-UK residents comes into force from 1 April and could catch out some overseas based property purchasers. Natasha Heron, tax manager at Hillier Hopkins, explains
The stamp duty holiday, which is due to end in March, has restored housing transactions to the highest level since 2007 with tax take hitting £1.35bn in the last quarter
The Housing Secretary has announced plans to introduce a new tax, the ‘Gateway 2’ developer levy to offset some of the costs of replacing dangerous cladding on high-rise buildings
The residential property market has held up well in 2020, no doubt supported by the government’s stamp duty holiday introduced as part of wider Covid-19 measures. But what, asks Henry Lowe, partner at Mercer & Hole, will shape the property market in 2021?
The UK’s wealthiest 1% of households hold almost £800bn in assets official statistics show, raising their share of household wealth to 23%, according to the Resolution Foundation
The ambitious plan to make UK tax fully digital for reporting purposes may have been delayed by the pandemic, but HMRC is still prioritising MTD for income tax and corporation tax. Croner-i tax writer Meg Wilson takes stock
HMRC penalties for taxpayers’ compliance failings are on the rise once more, following a sharp drop at the start of lockdown, according to research by UHY Hacker Young
In a round-up of the biggest personal tax stories of the year, we look at all the non-coronavirus news, including a potential wealth tax, CGT charges on second home sales, ‘deliberate’ errors, fall in IHT receipts, buy-to-let tax hikes and pension tax relief admin discrepancy
In our regular Q&A series, Croner Taxwise senior VAT consultant, Vivienne Scott, answers whether VAT should be charged on fitted furniture in renovated and converted houses
HMRC signals time is running out for anyone who sold a second home during 2019-20 to declare it on their self assessment tax return and pay the capital gains tax (CGT) that is due
