Stamp duty threshold and 5% mortgages extended
Those looking to buy a new home or get onto the property ladder will be pleased to hear the latest announcements regarding the stamp duty threshold and 5% mortgage schemes extension.
European property owners face higher tax bills
If you own a holiday home in Europe that you rent out for part of the year, you may have to pay more tax on your European property thanks to Brexit.
Passing on the family home: IHT relief
One recent change that should be taken into consideration when drafting your Will is the additional Inheritance Tax nil rate band for passing on the family home to ‘direct descendants’ on death.
Possible changes to Capital Gains Tax
Budget 2021 could bring changes to some key taxes, as the Chancellor aims to recoup funds lost during the pandemic.
Changes to class 2 NICs
Certain property business owners are liable to class 2 NICs