A new relief for first-time buyers was announced at the 2017 Autumn Budget, aimed at helping people onto the property ladder. The way the relief works creates a cliff edge if the price exceeds £500,000 - how might you avoid this trap? Relief The 2017 Autumn Budget announced a new stamp duty land tax (SDLT) … Continue reading Avoiding the cliff edge
4th April 2018 Work starts on site at joint venture in Enderleigh Nottingham The project teams from North Midland Construction and Earl & Pelham Property celebrated the start of their first housing development at Enderleigh Mews in Nottingham recently. Work on site is progressing well with the footings for the first houses already in place. … Continue reading Press Release for Earl & Pelham Property
I have recently finished this book, after a recommendation from a valued mentor, as always giving it a listen on Audible. My measure of a good book is having listened does a hard copy then make it onto my book shelves and there it sits. This then progresses into a great book for me by … Continue reading Book Recommendation – “Principles” by Ray Dalio
These changes include the largest increases in a decade for the rates, that apply to 18-20 and 21-24 year olds. More employers than ever will be directly affected by these increases, including those who currently pay above the minimum. Get prepared, see the new rates below and ensure you pay all your workers correctly. These … Continue reading National Minimum and National Living Wage rates on 1 April 2018
One of the main motives for transferring a sole-trader business to a company in which you own shares is tax saving. You’ve probably read articles about the process, and how it’s possible to legitimately avoid paying capital gains tax (CGT) through the use of special claims. However, what’s almost invariably overlooked is the possible stamp … Continue reading Incorporating your property business
HMRC have made changes in the way that you pay your taxes. As from 15/12/17 you can now no longer pay at the Post Office and as from 13/1/18 you can now no longer pay by personal credit card. So how do we pay our taxes? HMRC are encouraging all customers to pay using the … Continue reading Changes in the ways of paying your tax
The Capital Gains Tax (Annual Exempt Amount) Order 2018 sets the annual exempt amount for individuals in 2018/19. What does it mean? When is CGT charged? CGT is charged on any chargeable gains made during the year that are in excess of the annual exempt amount, after losses and reliefs have been applied. However, non-UK … Continue reading 2018/19 capital gains tax annual exemption set at £11,700
All existing trusts that incurred a tax liability during 2016/17 are required to register using the Trust Registration Service (TRS) even if a 41G form has been submitted. What's involved? What counts as a tax liability? A liability to income tax, capital gains tax, inheritance tax, stamp duty land tax, stamp duty reserve tax or … Continue reading Trustees must register their trust with HMRC by 5 March 2018
The average UK small business spends £5,000 and three working weeks every year on tax compliance, according to the latest report from the Federation of Small Businesses (FSB). Taxing Times highlights the many hurdles small businesses face when trying to pay taxes. Almost half (46%) say determining the tax rates at which they’re required to … Continue reading Small firms urge tax reform as they lose £5,000 and 15 working days a year to compliance
Two of our biggest fears are – failure and criticism, and they never completely go away. You can overcome them, but they’ll show up when you face your next challenge. It’s in accepting fear as part of life’s journey instead of running from it, that you learn to conquer it. Indeed as you look back … Continue reading Take the leap and get out of that comfort zone.
