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Industry News

BREAKING NEWS: Changes to Stamp Duty

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It has just been announced today, by the Chancellor Rishi Sunak, that the threshold for stamp duty land tax will temporarily be raised to £500,000 from today until 31 March 2021. This means that when buying a property up to and including £499,999 you will not pay any stamp duty, regardless of whether you are […]

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Regulation of Property Agents is on its way

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In July 2019 a report was published giving the recommendation that a recognised standard for “Property Agents” should be created and rolled out across England. The aim of this would be to raise standards across the sector, to ensure those working within it would be appropriately trained and qualified. The report recommended the following: 1 […]

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Changes to Tax Relief for Buy-to-Let Landlords

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When calculating the amount of tax payable, landlords normally offset their expenses against their gross rental income, leaving their taxable income or “profit”. The total profit combined with other income will allow them to be categorised into a tax band – Basic Rate (20%), Higher Rate (40%) or additional Rate (45%). Historically, mortgage interest could […]

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