Business rates on empty properties
As a landlord you may have lost income during the pandemic as tenants have left or gone into liquidation. Council tax (for residential properties) and business rates (for commercial premises) remain payable when a building is empty but there may be reliefs available....
CGT on sale of homes
Capital gains tax (CGT) may be due when you sell a second home or a property that has not been occupied as your main home for the entire period of ownership. For sales of UK homes completed since 6 April 2020 any CGT due must be declared and paid within 30 days of the...
Problems with holiday lets
Landlords of furnished holiday accommodation qualify for tax breaks if their property is available for short term lettings for at least 210 days a year and is actually let for 105 days in the year. Longer lets out of season are permitted but these must not exceed 155...
Stamp duty holiday extended
The Stamp duty land tax (SDLT) threshold was raised to £500,000 from 8 July 2020 to 31 March 2021 and will now remain at that level until 30 June 2021.
