Tax on residential property

Seavor Chartered Practice Update
How has devolution affected what property tax you pay?

How has devolution affected what property tax you pay?

First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up in Autumn Budget 2017.

Philip Hammond’s headline measure was to abolish stamp duty for first-time buyers on homes worth up to £300,000, and the chancellor didn’t stop there.

Read moreTax on residential property

Principal Private Residence and Letting Relief

If you own more than one property it is very important to understand your tax position prior to selling a property to ensure you aren’t caught out by an unexpected tax bill.  There are reliefs available such as Principal Private Residence (PPR) and Letting Relief.   Having an understanding of how these work could influence your … Read morePrincipal Private Residence and Letting Relief

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