Property Tax People Limited

14/09/2021

The reduced rate of will end on 30/09/21 for residential properties, and returns to the standard rate on 01/10/21

13/09/2021

From April 2022 every worker in Britain will pay a new 1.25% tax on their earnings to fund the NHS and reform social care. This news was announced beginning of September 2021 by Boris Johnson.

Social Care Levy - From April 2022 every worker in Britain will pay a new 1.25% tax on their earnings to fund the NHS and reform social care.

25/05/2021

Furnished lettings have their own treatment, reliant on a set of strict day-count rules.

With the impact of COVID-19 on occupancy, business owners may need to take stock of the position.

A property must pass all three of these tests ⬇️

Furnished holiday lettings (FHLs) have their own tax treatment, reliant on a set of strict day-count rules. Read more here

13/04/2021

If there’s one thing that stops potential in their tracks and keeps new awake at night – its

Contact us today, we can help answer your questions
https://propertytaxpeople.co.uk/

26/03/2021

Do you intend to build up a property portfolio?

Having a great team at your disposal, from your solicitor and surveyor through to your broker and accountant, is imperative.

If you require proactive tax planning and up to date advice, contact us today for your free initial consultation.

09/03/2021

The current land tax holiday for residential properties purchased in England and Northern Ireland has been extended until the end of June 2021, and some relief will continue until the end of September 2021.

Read more about it here ⬇️

Stamp Duty Land Tax holiday extension explained by Property Tax People, Worcestershire. Specialist tax consultants and business advisors.

03/03/2021

A live summary of the

- The scheme will be extended until the end of September.

- income support scheme will continue with a 4th grant covering February to April, and a 5th grant from May.

- incentive payments we give businesses to £3,000 – that’s for all new hires, of any age.

- Restart Grants to help reopen. Non essential retail businesses will open first, so they will receive grants of up to £6,000. Hospitality and leisure businesses, including personal care and gyms who are opening later in the year, can receive grants up to £18,000

- Local authorities will receive additional £425 million of discretionary business grant funding, on top of the £1.6billion already allocated.

- £300m additional funding for the Culture Recovery Fund, supporting arts, culture and sporting institutions as they reopen.

- As the and CBIL schemes come to an end, a new Recovery Loan Scheme will take their place.

- 100% holiday will continue through to the end of June.

- To protect and tourism jobs, the 5% reduced rate of will be extended for six months to 30th September.

- The new £500,000 nil rate band for won't end on 31st March, it will end on the 30th June.

- A new policy to stand behind homebuyers: a guarantee. Lenders who provide mortgages to home buyers who can only afford a 5% deposit, will benefit from a government guarantee on those mortgages.

- Freezing personal tax thresholds

- In 2023 the rate of corporation tax, paid on company profits, will increase to 25% (For larger companies)

- The Super Deduction - For the next two years, businesses can claim 130% of their new machinery cost as a tax cut

- The planned increases in duties for spirits like Scotch whisky, wine, cider and beer, will all be cancelled.

- The planned increase in fuel duty is also cancelled.

- Help to Grow: Management will help thousands of SMEs get world-class management training.

- Help to Grow: Digital will help them develop digital skills with free expert training and a 50% discount on new productivity-enhancing software

26/02/2021

Find out how to reduce your bill ⬇️

How to reduce Capital Gains Tax on UK Property. Written by Property Tax People, specialist property tax consultants and business advisors

24/02/2021

Rishi Sunak is preparing to extend the holiday by three months until the end of June in an attempt to keep the market firing as Britain emerges from lockdown

Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to keep the property market firing as Britain emerges from lockdown.In July last year the

19/02/2021

As a director of a company, you’ll legally be required to keep
accurate company and financial records. You'll need to submit the appropriate accounts and returns to Companies House.

There is, of course, time and cost associated with this
and that’s why most company owners use an accountant to
support them. That’s exactly what we can do for you, we’ll manage the majority of your accounts for you, saving you money on your tax bill, while you focus on building your portfolio.