Multiple Dwellings Relief on Student Accommodation
In this article, we explore the application of Multiple Dwellings Relief (MDR) to student accommodations, examining criteria for a separate dwelling, and provide examples illustrating potential Stamp Duty Land Tax (SDLT) savings.
Multiple Dwellings Relief for House of Multiple Occupancy
This article explores the application of Multiple Dwellings Relief (MDR) to Houses of Multiple Occupancy (HMOs) for Stamp Duty Land Tax (SDLT) savings, outlining the criteria for separate dwellings and providing examples to illustrate potential relief calculations.
Which is better for Inheritance Tax? Lifetime Gifts vs Transfer at Death
In this article, we will discuss strategies to navigate inheritance tax, comparing the benefits and considerations of making lifetime gifts versus leaving assets in your estate.
What are the Changes in Corporation Tax Rates from April 2023?
In this article, we delve into the upcoming changes in UK corporation tax rates effective from April 2023. The new structure introduces a small profits rate of 19% for profits up to £50,000, escalating to 26.5% for profits ranging between...
A Complete Guide to Non Resident Landlord Scheme
In this article, we discuss the Non-Resident Landlord Scheme (NRLS), a system where tenants or letting agents deduct tax from the rental income of non-UK residents.
HMRC Letters to Offshore Corporates – ATED
HMRC's campaign targets overseas companies with UK residential properties, urging disclosure of unpaid Annual Tax on Enveloped Dwellings (ATED) charges to avoid penalties and potential investigations.
A Complete Guide to Let Property Campaign
This guide covers the Let Property Campaign (LPC), explaining its purpose, eligibility, and the disclosure process for landlords with undeclared rental income, along with examples of HMRC letters and potential penalties.
Stamp Duty Rates in the UK | Calculate Your SDLT
This article explains Stamp Duty Land Tax (SDLT) rates for various property types in England and Northern Ireland, including examples, and briefly covers Stamp Duty on shares.
How Can Someone be Treated as a UK Resident for Tax Purpose?
The article explains the significance of residential status for tax liability in the UK, detailing the Automatic Overseas Tests, Automatic UK Tests, the Sufficient Ties Test, and considerations for split years in determining an individual's tax residency.
