Attention Property Lawyers!

Property lawyers and conveyancers should be aware that HM Revenue and Customs (HMRC) have announced a change to the information required in Stamp Duty Land Tax (SDLT) returns. HMRC has stated that the new forms will be available for use from April 2011 and must be used with effect from 4 July 2011.

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Furnished Holiday Lettings Rules

The Government has recently published revised proposals for new rules on the taxation of furnished holiday lettings (FHLs). According to the Government’s own figures, approximately 25% of existing FHL businesses will cease to qualify under the proposed new rules. Simon Newsham summarises the Government’s proposals below. What are the existing rules for FHLs? In general,…

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