Chancellor Alistair Darling has confirmed speculation surrounding a
suspension on stamp duty for sales of residential property up to £175,000.
Individuals currently only pay the duty on properties worth more than
£125,000, and the move will apply for one year.
A Treasury spokesman told Accountancy Age that while predicted losses in
taxes over the 12 month suspension period is subject to ongoing market
conditions, they estimate the loss at approximately £600m.
The suspension applies to transactions taking place between 3rd September
2008 and 3rd September 2009.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy