Press Release for Earl & Pelham Property

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

2018/19 capital gains tax annual exemption set at £11,700

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

Small firms urge tax reform as they lose £5,000 and 15 working days a year to compliance

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

What are Vacant Building Credits and how do they benefit you.

Vacant Building Credits (VBC) apply to all buildings that have not been abandoned, and that you have not made vacant, that is:- 1. Brought back into use or 2. Demolished to be replaced by a new building. 3. That are commercial to residential conversions The developer receives a credit equivalent to the existing gross floor space … Continue reading What are Vacant Building Credits and how do they benefit you.

Dilapidation Receipts – Income or Capital?

Some tenants treat your property with great care, but some don't, and as the landlord you may be entitled to receive dilapidation payments from the tenant. Given the recent changes to the way that property income and expenditure are treated in your tax return it is extremely important to establish whether this payment is treated as … Continue reading Dilapidation Receipts – Income or Capital?