Temporary Land Transaction Tax Changes in Wales

Last week, the Chancellor, Rishi Sunak, announced that the stamp duty threshold in England and Northern Ireland was being increased from £125,000 to £500,000. The tax break didn’t apply in Wales, but additional funding was being provided for the Welsh Government to implement a similar policy. It has been announced that the change to the … Continue reading Temporary Land Transaction Tax Changes in Wales

Landlords and Property Owners: The Differences Between Wales and England Following the Chancellor’s Statement

Cwmbran-based Green & Co Accountants and Tax Advisors, is urging those purchasing property to check carefully all the details announced as part of a raft of incentives designed to shake the economy back into life following the effects of Covid-19. Announced on Wednesday 08 July, Chancellor Rishi Sunak increased the Stamp Duty threshold from £125,000 … Continue reading Landlords and Property Owners: The Differences Between Wales and England Following the Chancellor’s Statement

New Support Announced by the Chancellor in His Summer Statement

On Wednesday 8 July 2020, the Government held an emergency mini budget to minimise the pain as the economy faces the challenges of the past few of months. The main priority on the agenda was unemployment rates, with the Chancellor announcing that he wants to ‘protect, support and create jobs.’ What’s changing? Furlough Scheme With … Continue reading New Support Announced by the Chancellor in His Summer Statement

Changes to the Stamp Duty Payment Window

The government has confirmed its plans to reduce the time limit for filing Stamp Duty Land Tax (SDLT) returns and paying any tax due. First announced in 2015, the measure was due to come into effect in 2017/18, but was subject to a delay. The publication of the draft Finance Bill 2018-19 in the summer … Continue reading Changes to the Stamp Duty Payment Window

Possible U-turn on Land Transaction Tax?

The Welsh Assembly is to debate proposals later this month to abandon a part of the new Land Transaction Tax, which could have meant some landowners paying more tax in Wales than their English counterparts. Originally the Welsh Government had stated that when Land Transaction Tax is introduced in April 2018 (replacing Stamp Duty in … Continue reading Possible U-turn on Land Transaction Tax?

Autumn Budget 2017: What you need to know

Yesterday, the Chancellor announced his second Budget of 2017. Among the key changes to note for this year are: The personal allowance will rise to £11,850 and the higher rate tax threshold for the UK will rise to £46,350 for 2018/19. Automatic enrolment pension minimum contributions increase significantly from 6 April 2018. Employer’s minimum contribution … Continue reading Autumn Budget 2017: What you need to know

Landlord forum to discuss legislative changes and holiday lets

This weeks edition of the South Wales Argus features an article on our Gwent Landlord Forum. Cwmbran-based Green & Co Accountants and Tax Advisors, QualitySolicitors Rubin Lewis O'Brien and lettings agency SerenLiving are set to hold the latest Landlord Forum on Wednesday 28th September; hosting key speakers who will give informative talks to current and potential … Continue reading Landlord forum to discuss legislative changes and holiday lets

Gwent Landlord Forum – 28 September 2016

The summer holidays are over and the new season of Landlord Forums are back with our first event taking place on Wednesday 28th September at The Parkway Hotel and Spa between 6pm and 8pm. If you are a landlord and currently letting properties or thinking about buying to let in South Wales and you have not previously … Continue reading Gwent Landlord Forum – 28 September 2016

New Tax Year – New Rules!

So, the 6th of April brings in the new tax year with new rules, but what are the changes? Personal Allowance - increases to £11,000. Personal Savings Allowance - if you are in the 20% band for income tax, you will pay no tax on the first £1,000 of interest you get from savings. If … Continue reading New Tax Year – New Rules!

Tax & The Landlord: Upcoming Changes

  It is a time of change for Landlords who are facing not one, but two big changes this April and another fundamental change from 2017/18. Here is a recap of these changes: Wear and Tear Allowance From 6 April 2016 Wear and Tear Allowance for furnished lettings will be no more. Instead, Landlords of … Continue reading Tax & The Landlord: Upcoming Changes