0897 099 890

Posts Tagged ‘uk stamp duty property’

Business Premises Renovation Allowance – the basics

Business Premises Renovation Allowance (BPRA) was introduced by the Finance Act 2005 as an incentive to bring derelict or unused properties back into life. The BPRA was designed to run for a period of 5 years from 11 April 2007 and therefore only has a few short months left to run. As with many incentive…

Read More

What will the budget have in store for SDLT?

Stamp Duty Land Tax (SDLT) concessions granted to first time buyers in the 2010 budget come to an end on 24 March this year. The concession, which meant that first time buyers wouldn’t have to pay the 1% SDLT on properties costing between £125,000 and £250,000 has had a fairly limited impact on the housing…

Read More

A fresh look at property

Mention devolution and thoughts inevitably turn to Scotland and the question of a possible referendum. Against this background and almost slipping under the radar, Wales is quietly increasing its own devolved powers. For example, from 31 December 2011, Wales took full responsibility for its own building regulations. One of the first steps announced by the…

Read More

The future for property

Anyone reading the financial papers over the past few weeks will be thoroughly confused by what is actually happening to property. For a start, are prices rising or falling? The Centre for Economics and Business Research says that by 2015 prices will have risen by 14% to a new all time high. Contrast this with…

Read More

Hope for UK Commercial Property

The CB Richard Ellis monthly index of commercial property returns continues to bring hope of recovery within the sector. Overall the sector posted growth of 0.7% in May, capitalising on the 0.6% growth seen in April. Across the UK the picture is mixed. Within the capital returns for office accommodation rose by 1% against a…

Read More

Contraction in construction

Whilst spring heralded signs of recovery in large swathes of the economy, the construction industry continues to buck the trend. Even admitting that the poor weather at the beginning of the year won’t have helped, construction statistics continue to give cause for concern. Starting with the general picture, although the UK as a whole returned…

Read More

Group Relief for Stamp Duty Land Tax: Limited Liability Partnerships

Group Relief for Stamp Duty Land Tax: Limited Liability Partnerships Stamp Duty Land Tax – A change in HMRC’s view of the law Background Where UK real estate is transferred between members of the same group, and provided certain conditions are met, the tax legislation provides a relief from stamp duty land tax (SDLT). Companies…

Read More