Although a late reprieve cannot be completely ruled out, the stamp duty cost of purchasing a property in England and Northern Ireland is set to go up from 1 April 2025. Stamp duty costs have…
Stamp duty hit for landlords
UK landlords are facing increased rates of surcharge when purchasing buy-to-let property following increases over the past three months. The rate is now particularly punitive for those buying property in Scotland. Stamp duty was devolved…
The end of multiple dwellings relief
From 1 June 2024, the abolition of multiple dwellings relief under stamp duty land tax (SDLT) will stop disputes about what qualifies as a separate dwelling (e.g. a granny annex). However, the scrapped tax will…
Tax implications for the bank of mum and dad
With property prices expected to fall during 2023, parents may be thinking about getting their children onto the property ladder. However, although help with a deposit does not raise that many tax issues, joint ownership…
Finding the right mix in mixed use properties
A recent tribunal found in HMRC’s favour when a residential property was questionably deemed mixed use. On the purchase of a mixed use property, stamp duty land tax (SDLT) is paid at non-residential rates rather…