VAT on land and buildings

VAT on land and buildings

When purchasing commercial premises you need to know whether VAT will be added to the price as the stamp duty land tax charge (or similar taxes in Wales or Scotland) is calculated on the VAT inclusive value.

Home buyers pay less stamp duty 

Home buyers pay less stamp duty 

In September’s mini-Budget the then Chancellor announced that the entry threshold for SDLT payable on residential properties would double to £250,000 for deals completed on or after 23 September 2022. This higher threshold will apply until April 2025. 

Farming and capital allowances – the advantages and pitfalls

Farming and capital allowances – the advantages and pitfalls

Capital allowances are a useful form of tax relief for businesses that need to invest in expensive plant and machinery to operate successfully, including many farm enterprises. There are a number of different types, but they all essentially fulfil the same function –...