What’s your ideal salary? Could you now be non-resident for Stamp Duty? Has your Government Gateway ID been scammed? What are the recent tax changes and how do they affect me? These and other questions addressed in our March 2021 Fuller Spurling Tax Briefing. Click a heading below to jump straight to that topic, or […]
Corporation tax changes, super deductions, MTD penalties, frozen bands… Our 2021 budget tax briefing explains all
How does the March 2021 budget affect you or your company? Fuller Spurling’s tax briefing covering the March 2021 budget – with guidance and information covering all the below areas, explains all. Corporation tax complexity Super deduction for capital expenditure Points mean penalties Relief for business losses Frozen bands and allowances Two new SEISS grants […]
Budget 2021: live coverage and video review
Budget Day, Wednesday 3 March, 2021 Fuller Spurling’s own tax specialists, Amy and Philip, covered live the announcements of one of the most anticipated budgets for years. Their coverage as the day unfolded is covered below here. Plus, you can now watch Philip & Amy’s video review of the Budget’s key takeaways, particularly as they […]
Tax rates and deadlines for stamp duty
The government has shortened the period for paying SDLT from 30 days to 14 days
Relief for first-time buyers
If a residential property worth up to £500,000 is purchased by one or more first-time buyers, the first £300,000 of the purchase price is exempt from SDLT. This exemption applies for property purchases completed on and after 22 November 2017.
Reclaiming the SDLT supplement
If you have bought a house since 1 April 2016 you may have paid a stamp duty land tax (SDLT) supplement of 3% on the entire value.
Query on how much stamp duty would be due for a jointly owned property?
My girlfriend and I are about to buy our first home together and I am concerned that we may have to pay the higher rates for stamp duty. My girlfriend will sell her flat but I’ll keep my buy to let which I will continue to let. Will we have to pay the higher rates […]
Do I pay the higher rate of stamp duty?
Higher rate of stamp duty land tax on the purchase of additional properties only applies to the acquisition of a major interest.