Category: Construction & Real Estate

UK Property Tax

October 2018

Income Tax – Non-Resident Landlord A property owner, whether an individual, trust or company has to pay income tax on rental income earned from properties in the UK. The basic rate of tax (20%) will usually be deducted by the...

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Process of Purchasing a Property

October 2018

When purchasing a property in the UK, you will need to use a solicitor or conveyancer to finalise the purchase. In addition to the legal costs, there are also other costs that need to be considered: Any valuation or (building)...

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Property Investment in the UK

October 2018

The UK’s decision to leave the EU, following the referendum on 23 June 2016 is commonly known as Brexit, the UK is due to depart on 29 March 2019. Brexit has heavily influenced the property investment market, in the UK....

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2018 UK Construction Sector Report

October 2018

Our Construction & Real Estate team have worked together to provide a national outlook on the UK construction sector – 2018 MHA UK Construction Sector Report This report analyses operating and accounts data from over 1,700 construction companies and compares...

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Residential Property Issues for Landlords

October 2018

There have been several recent changes that affect the tax treatment relating to residential properties held by landlords. Here are a few things that you will need to look out for: Mortgage Interest Subject to Restriction Tax relief on mortgage interest...

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Changes to Tax Rules on Remortgaged Buy-to-Let Property

October 2018

The scenario is a common one: Mr Smith owns some rental properties. During a tax year he wanted to buy a new home for himself. He raised the funds by remortgaging one of his rental properties. The interest charged on...

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House Price Growth – July 2018

October 2018

The Office for National Statistics have recently released the House Price data for July 2018. No need to panic yet, but it doesn’t make great reading for those in the sector. House prices are still edging up in most areas,...

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VAT Domestic Reverse Charge

October 2018

HMRC recently held a consultation requesting views on the proposed introduction of a reverse charge mechanism to combat VAT fraud in the construction sector. Following its conclusion and analysis of feedback, HMRC has published draft legislation in the form of...

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SDLT When Buying Land from the Seller’s Garden

October 2018

Developers will often purchase land from residential property owners for a future property development. Depending on the land being acquired, the Stamp Duty Land Tax (SDLT) payable can be quite different. There are two rates of SDLT, one for ‘residential’...

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Real Estate Matters – Issue 10

October 2018

Our Construction & Real Estate team have worked together to provide a national outlook on the issues facing the construction and real estate sectors.   Issue 10 of Real Estate Matters contains articles on Stamp Duty Land Tax when buying land from the...

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