Category: Housing

Payment period on residential CGT is doubled

Posted on November 15, 2021 | Economy | Housing | Legislation Changes | Tax
The government has doubled the period for filing and payment of capital gains tax (CGT) on residential property from 30 days to 60 days. The measure …

Consultations launched on UK’s first Tax Day

Posted on April 19, 2021 | Economy | Employment | Housing | Legislation Changes | Tax
The government has published over 30 updates, consultations and documents on the UK's first ever Tax Day. The announcements, which would traditionally be published at Budget, …

Sunak set out Budget to protect businesses

Chancellor Rishi Sunak set out a Budget to protect businesses through the pandemic, fix the public finances and begin building the future economy. The Chancellor once …

Budget 2021 Summary

The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with …

Scottish Land and Buildings Transaction Tax

Posted on February 9, 2021 | Housing | Tax
As part of the Scottish Budget, Finance Secretary Kate Forbes also announced changes to Land and Buildings Transaction Tax (LBTT) which apply from 1 April …

House sales rise following the introduction of stamp duty holiday

Posted on November 6, 2020 | Economy | Housing | Legislation Changes
The government has announced that residential property transactions rose 15.6% in August following the introduction of a stamp duty holiday. The government has announced: a rise in …

Scottish government cuts LBTT to help home buyers

Posted on August 7, 2020 | Company News | Housing
On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT). On 15 July, the Scottish government reduced the rate of …

Stamp duty temporarily reduce

Posted on July 15, 2020 | Housing
Chancellor Rishi Sunak announced a temporary cut in the rate of Stamp Duty Land Tax (SDLT) Chancellor Rishi Sunak announced a temporary cut in the rate …