Annual Tax on Enveloped Dwellings (ATED) is an annual tax that requires limited companies owning UK residential properties with a value of more than £500,000 to complete an ATED return. You must complete an ATED return if your property: Is located in the UK Is a...
Due to the government’s stamp duty holiday and many people rethinking their living arrangements because of the pandemic. UK mortgage approvals have increased to the highest amount in 13 years. The Bank of England has reported that 105,000 mortgages had been...
Homebuilding is increasing There has been an increase in home building in October with construction firms starting new projects. This could be due to the Government’s cut in Stamp Duty Land Tax (SDLT). This cut is saving home buyers thousands of pounds which is...
It is expected that Mortgage Payment Holidays will expire on 31 October 2020 (according to Britain’s financial watchdog). Even though many homeowners may be finding it difficult to pay their mortgage. The Financial Conduct Authority (FCA) did extend the scheme in June...
Research by Zoopla has suggested that built-up property demand has caused properties to sell much faster. Zoopla has reported that sales agreed through their property portal is 76% more than the current five-year average. One of the reasons is due to the temporary...
Rishi Sunak announces £2bn home insulation scheme The Chancellor has announced a £2bn grant scheme for homeowners for energy-saving home improvements, this is part of a wider £3bn project to cut emissions. The Treasury has said that this funding would help...
