Changes to Land and Buildings Transaction Tax explained
Wednesday, July 15, 2020
As of 15 July, the Scottish government is cutting the rate of its devolved Land and Buildings Transaction Tax (LBTT), with the threshold increasing from £145,000 to £250,000 until 31 March 2021.
There will...
The gradual lifting of lockdown has meant that a portion of the UK population are returning to their offices with many of us keen to avoid public transport as much as we can. For months, walking or cycling became a much needed...
Chancellor of the Exchequer, Rishi Sunak , announced the Green Homes Grant Scheme in his Summer Statement on 8 July, whereby the Government will be issuing UK homeowners up to £5,000 worth of vouchers to make their homes more...
As the Government announces the Stamp Duty Land Tax Holiday, raising the threshold to £500,000 with immediate effect, the chance for buyers to purchase property exempt of tax is a valuable opportunity. With the initiative in...
Stamp Duty Land Tax - The new temporary reduced rates explained
Wednesday, July 8, 2020
With immediate effect the new Stamp Duty Land Tax (SDLT) threshold of £500,000 will apply and will run until 31 March 2021. This means any buyer purchasing a primary residential property between 8 July 2020 and 31 March 2021, up...
There is no doubt that the past few months have had a significant effect on the UK and people's lives. The pandemic and subsequent lockdown has initiated unprecedented challenges which have affected us all. Some changes have been...
With the spring market showing signs of improved consumer sentiment following the election result, 2020 was expected to be the year the property market regained the traction lost due to Brexit uncertainty, with promising figures in the...
Although in some parts of the UK, lockdown is easing and estate agents have been allowed to return to conducting business more traditionally, the Government guidelines released on 12th May stipulate that a prospective buyer or tenant...
