A record 66,587 buy-to-let companies were formed in 2025 — an 8% rise on the previous year and the highest figure in a decade. In total, there are now 443,272 active buy-to-let companies, five times more than in 2016. The shift reflects frozen income tax thresholds and higher mortgage rates, which have reduced profitability for...
Almost 37,000 first-time buyers paid stamp duty in 2024/25 despite claiming first-time buyer relief, according to HMRC data. In total, 36,999 transactions that qualified for relief still resulted in a tax charge — roughly one in four cases. The average stamp duty bill was £4,073. Nearly 25,000 buyers paid £2,000 or more, over 13,500 paid...
HMRC has significantly increased its scrutiny of property deals, with the number of investigations rising by 88% in the 2024/25 tax year. The tax authority has also reported a sharp increase in additional Stamp Duty Land Tax recovered, reaching £200 million. Advisers warn that complex SDLT rules, particularly around main residence status and second property...
UK property sellers have lowered their expectations, with average asking prices falling by around £2,000 compared with the same period last year. Property platform data suggests the decline is linked to uncertainty surrounding possible tax changes ahead of the Budget, causing hesitation among both buyers and sellers. Disclaimer The information on this Blog is...
HMRC is warning landlords against a specific tax avoidance scheme that claims to convert rental income into non-taxable loans. This scheme is under investigation and poses serious financial risks. Promoters suggest landlords can receive their rental income back as a loan without paying tax, but HMRC says this setup does not work and treats it...
Selling a probate home comes with its challenges, but the Stamp Duty Land Tax (SDLT) deadline adds an extra layer of urgency. Buyers eager to save on stamp duty may walk away if delays arise. Understanding these challenges can help sellers avoid losing potential buyers. What is a Probate Home? A probate home is a...
The UK’s tax authority, HMRC, has recently intensified its scrutiny of companies owning residential property. This move aims to ensure compliance with tax regulations, particularly regarding Annual Tax on Enveloped Dwellings (ATED) and Capital Gains Tax (CGT) obligations. Property – owning companies must now ensure their tax affairs are in order to avoid penalties. ...
Deceased’s Maltese properties were not held in trusts, says FTT The First-tier Tax Tribunal (FTT) has upheld HMRC’s determination that foreign properties part-owned by a deceased man were not held by a trust settled by a person domiciled outside the UK. They were thus liable to inheritance tax under s.5(1) of the Inheritance Tax Act 1984....
Hundreds of Families Fall Foul of the Seven-Year Inheritance Tax Rule Inheritance Tax (IHT) can be a significant burden for many families, especially when they inadvertently fall into a trap laid out by complex tax regulations. One such rule that often catches people off guard is the seven-year inheritance tax rule. Understanding this rule and...
What was Brexit? The United Kingdom commenced its departure from the European Union of which it had been a member state since 1973 called Brexit. In a referendum held on 23 June 2016, the UK electorate voted to leave the EU and officially left the EU on 31 January 2020; the remaining of...
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Copyright by CareAccountancy. All rights reserved.
