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
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?
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
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
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
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!
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
Ed Gooderham, partner at Green & Co, tweeted along live with George Osborne's Budget announcements. Catch up with his thoughts here... #Budget2016 Osborne just started speaking, let's see how he will tax us and what new ideas we will come up with! — Ed Gooderham (@Green_and_Co) March 16, 2016 #Budget2016 - Growth of 2% per … Continue reading Ed Gooderham’s thoughts on the Budget
From 1 April 2016 the government will introduce higher rates of stamp duty land tax on purchases of additional residential properties. This has been the subject of a consultation document which has now been published. The government proposes to introduce higher rates of stamp duty land tax, which will apply to the majority of purchases … Continue reading Own More Than Two Residential Properties? Beware Of The Proposed New Stamp Duty Charges!
Ed Gooderham and Nick Park look at two key issues raised by the Autumn Statement in answer to the South Wales Argus' Big Question this week (see below for their answer in full): "The Autumn Statement has raised, in particular, two key issues. The good news is that there are changes to Stamp Duty Land … Continue reading Autumn Statement – The Big Question