News
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June 2012 - HMRC Stamp Taxes Bulletin 2/2012 now available
26th June 2012
HMRC have released their latest Stamp Taxes Bulletin which contains information regarding the new rate of duty on residential properties where the consideration is greater than £2 million. Also included is an update on reliefs and stamp...
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May 2010 - HIPS Suspended - Announcement by the Government
26th June 2012
"In an important step at a point of fragile recovery in the housing market, Communities Secretary Eric Pickles and Housing Minister Grant Shapps today announced that with immediate effect, they are suspending the requirement for homeowners to...
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Budget 2012 Stamp Tax Announcements
15th June 2012
Announcements from Budget 2012 regarding stamp duty land tax include: Stamp duty land tax (SDLT): rate in respect of residential property where consideration over £2 million Legislation will be introduced in Finance Bill 2012 to charge SDLT...
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June 2012 - Stamp Duty Land Tax collection - Scotland
15th June 2012
John Swinney, Cabinet Secretary for Finance, Employment and Sustainable Growth, has recently announced that a new body, Revenue Scotland, will be established to administer tax requirements in Scotland. In his statement to Parliament, Mr Swinney...
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March 2012 - First-time buyer's stamp duty relief ends 25 March 2012
15th June 2012
The First time buyer relief introduced in the Finance Bill 2010 ends on 25th March 2012. Any returns made where the effective date is after 24th March 2012 will be subject to the standard stamp duty thresholds....
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March 2010 - Budget announces changes to Stamp Duty Land Tax.
12th June 2012
3 main announcements were made in the March 2010 budget concerning Stamp Duty Land Tax:- A) First Time Buyers - legislation will be introduced in Finance Bill 2010 to provide a higher Stamp Duty Land Tax threshold...
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April 2010 - Changes to HMRC Powers
12th June 2012
The powers inherited by the merged HM Revenue & Customs (HMRC) were unaligned and out of date. HMRC and its customers wanted a more tailored approach which allowed any ‘checking’ action to respond to the particular circumstances in each...
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November 2011 - Updated guidance for requesting amendments to SDLT returns
12th June 2012
HMRC have updated their guidelines regarding SDLT amendments. We have contacted HMRC for clarification of the new guidelines and can offer notes regarding SDLT amendments here. ...
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January 2012 - Expiry of first-time buyers' stamp duty land tax relief
12th June 2012
First-time buyers’ stamp duty land tax (SDLT) relief expires on 24 March 2012. Purchase transactions completed 25 March 2012 or later cannot benefit from SDLT relief, regardless of the date of contract or agreement. ...
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May 2011 - Draft guidance published for SDLT relief involving multiple dwellings
12th June 2012
"HMRC have published draft guidance on SDLT reliefs for transfers involving multiple dwellings. In the 2011 Budget, the Chancellor announced details of a new SDLT relief which will benefit purchasers of residential property who acquire more than...
