Budget 2016 and your property

Budget 2016: what you need to know about reduction in capital gains tax rates.

This will affect disposals made on or after 6 April 2016. It is interesting that the reduced rates will not apply to gains realised on residential property (that do not qualify for private residence relief) and ‘carried’ interest. With the forthcoming

Quick reference details for Landlords Below:
Our understanding is that bandings will be applied similar to residential property, albeit with a zero rate up to £150k and then 2% of any amount over £150K and up to up to £250K and then 5% of any amount over £250k. As an example, on a property that

Budget 2016: Property Market Assesses Chancellor’s Announcement
Stamp duty for commercial property buyers will now have a 0% charge on the first £150,000, a 2% charge between £150,001 and £250,000, and a 5% charge on the above £250,000, with the changes set to come into operation form midnight tonight.

Budget 2016: the winners and the losers
Was it good for you? George Osborne’s 2016 Budget, delivered to a packed House of Commons on Wednesday, has drawn criticism over a looming £55 billion black hole in public finances. But what does it mean for your money? We published a guide to the …

Budget 2016: Reform of the wear and tear allowanceThe government has confirmed, as already announced at the Summer Budget 2015, that wear and tear allowance and renewals allowance for property businesses is to be repealed with effect from April 2016. In its place, the government is introducing a new …

Budget 2016: Additional 3% SDLT rate confirmed – no exemption for significant …The 3% SDLT surcharge for additional residential property was announced in the Autumn Statement last year. A consultation followed which received just under a 1000 responses; the government’s response has been published as part of the Chancellor’s …

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