The new SDLT headache

The new 3% additional rate of SDLT applies from 1 April 2016 and was expected to apply to second homes and buy to let investments by individuals. It was however, announced in Finance Act 2016, that the extra charge will…

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The Personal Savings Allowance

  Q: What is the Personal Savings Allowance and how can you claim it? A: From 6 April 2016 a basic rate taxpayer will be able to earn up to £1,000 in savings income tax free. Higher rate taxpayers will be…

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The taxation of non-domiciled individuals

Following consideration of the taxation of non-UK domiciled individuals, the Government has proposed various amendments to the current position.  The intention is to provide a balance between ensuring that the UK is an attractive jurisdiction for non-UK based individuals to…

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Property taxation

Restriction of finance costs Where an individual rents out residential property, in computing rental profits, the amount incurred on finance costs that can be deducted will be limited from 6 April 2017.  ‘Finance costs’ essentially refers to mortgage interest and…

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