Pro-Taxman

Property business

SDLT and linked transactions

Special Stamp Duty Land Tax (SLDT) and Linked Transactions

Special stamp duty land tax (SDLT) rules apply where there are multiple sales or transfers between the same buyer and seller. Linked transactions Where two or more property transactions involve the same buyer and seller, they may be ‘linked’ for SDLT purposes. HMRC may treat a person connected to the buyer, such as a spouse …

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Residential Stamp Duty Land Tax

The government have cut stamp duty until 31 March 20201, is now a good time to buy a house?

Temporary cut in SDLT – Who benefits? To boost confidence in the property market and to maintain the momentum that has been gained since the easing of lockdown, the Government has announced a temporary increase in the residential stamp duty land tax (SDLT) threshold. From 8 July 2020 until 31 March 2021, residential SDLT threshold …

The government have cut stamp duty until 31 March 20201, is now a good time to buy a house? Read More »

The CGT annual exemption – use it or lose it!

Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling various types of assets including properties (but generally not a main residence), stocks and shares, paintings, and other works of art, but it may also be payable in certain circumstances …

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