From 1 April 2016, individuals who purchase additional residential properties, second homes or buy-to-let properties will pay an additional 3 percentage points above the existing SDLT rates. The higher rates are: £0 – £125k: 3% £125k – £250K: 5% £250k – £925k: 8% £925k – £1.5m: 13% Over £1.5m: 15% This will add a considerable […]
Monthly Archives: April 2016
Up to 5 April 2016, directors who overdrew their loan accounts in a company ran the risk of an additional 25% Corporation Tax charge if the debt remained outstanding nine months after their company’s trading period end. The tax can be claimed back, but not until there is a repayment of the debt. From a […]
The government have published a list of changes in the impact of taxation, rates and NIC that will apply from April 2016. The list is reproduced below: Businesses will benefit from: lower business rates bills as the doubled Small Business Relief Scheme is extended for another year. This £730 million boost will see over 400,000 […]
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