Stamp Duty reprieve will only be for 1% band
First-time buyers to be offered stamp duty holiday, but the move will only apply to homes worth up to £250,000
First-time buyers to be offered stamp duty holiday, but the move will only apply to homes worth up to £250,000
The government could this week press ahead with its plans to offer a stamp
duty holiday as part of its policy relaunch.
The plan means waiving the 1% rate on houses up to £250,000,
The
Times reported, but will go no further than that.
The decision will ‘go down to the wire,’ the paper said, with no decision yet
taken.
The Treasury is also set to announce more details of a Homebuy scheme to help
first-time buyers.
Funding for the emergency housing package has already been signed off by
Alistair Darling, who has agreed to release hundreds of millions of pounds’
worth of funds from an £8.4 billion pot for affordable housing ahead of time.
Prime Minister Gordon Brown is expected to make the announcement, along with
other key policy changes, as part of his Autumn relaunch.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article