A Brief summary of “Fiscal Event” delivered by the Chancellor

Houses of Parliament

Here is a brief summary of today’s “Fiscal Event” delivered by the Chancellor. Business Support and Growth The Chancellor has stated that growth is not as high as it should be and “This has made it harder to pay for public services requiring taxes to rise, in turn higher taxes on capital and higher taxes on […]

Stamp Duty Land Tax – is it residential, non-residential or mixed use?

house frontage

There are no two ways about it. Stamp duty land tax (SDLT) is complex. The legislation is, at best, Labyrinthine, and HMRC’s interpretation of it even more so. For property developers, given the differences in tax rates for residential property compared to non-residential or mixed use property, it’s important to understand what the phrase “residential […]

Property Developers – are you paying too much Stamp Duty Land Tax?

Apartment building

Friend Partnership’s tax specialist, David Gillies, explains why property developers regularly end up paying more Stamp Duty Land Tax (SDLT) than they should and how to avoid overpaying. Behind every decision to either purchase bare land for development, or existing land and buildings for redevelopment looms the spectre of the Stamp Duty Land Tax (SDLT) […]

Buy to let tax changes – minimising the impact

Buy to let tax changes

In the past couple of years, the Government has ‘attacked’ the buy to let market seemingly viewing it as having a harmful effect on the UK property market.  As a result, many landlords are now reviewing the viability of continuing in the buy to let market.  Friend Partnership examine the recent tax changes and provides […]