Annual Tax on Enveloped Dwellings (ATED)
ATED was introduced in 2013 and is an annual tax payable mainly by companies that own a UK residential property, where the value of…
Is your PPR relief at risk due to renovation works?
We have previously posted about Principal Private Residence (PPR) relief, which can result in an individual’s main home not being subject to capital gains tax…
Higher rates of Stamp Duty Land Tax (SDLT) on purchases …
From 1 April 2016 a 3% SDLT surcharge is imposed if after the purchase you will own more than one residential property. If you are…
Restriction of tax relief on finance costs
From 6 April 2017 the tax relief that residential landlords receive on the costs of finance for UK residential property will gradually be restricted down…
Abolishment of wear and tear allowance and new replacement furniture …
From 6 April 2016 the wear and tear allowance for the rental of furnished properties is no longer available and has been replaced with a…
Changes to Rent a Room relief
It was announced at the Summer Budget 2015 that the Rent a Room relief limit has increased from £4,250 to £7,500 per year, which came…
Changes for non-UK domiciled individuals
On 19 August 2016 the Government published more details about the proposed new rules that will take effect from 6 April 2017. For non-UK domiciled…
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