Property and Construction News

We act for a large number of property and construction firms
ATED – Can you claim annual relief on your residential property?

ATED – Can you claim annual relief on your residential property?

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...

Fraudsters target homebuyers as UK mortgage approvals rise

Fraudsters target homebuyers as UK mortgage approvals rise

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 approved...

The Construction Sector Bounces Back?

The Construction Sector Bounces Back?

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...

Mortgage Payment Holidays set to End on 31 October

Mortgage Payment Holidays set to End on 31 October

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...

Built-up property demand is causing faster sales

Built-up property demand is causing faster sales

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

Rishi Sunak announces £2bn home insulation scheme

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...

Government Announces Stamp Duty Holiday

Government Announces Stamp Duty Holiday

Government announce stamp duty holiday   Stamp duty is paid on the purchase of a property. The rules of stamp duty are slightly different across the 4 countries of the UK.   Stamp Duty Land Tax is paid in England and Northern Ireland.   Land and Building...

Prime Minister to use Construction to Accelerate Economy

Prime Minister to use Construction to Accelerate Economy

The Prime Minister has announced an immediate £5bn package of capital investment in infrastructure projects. Confirming that the Government is investing in the construction sector to accelerate the economy’s recovery from the coronavirus crisis.  This funding should...

Deadline for SDLT extended for main residence disposals

Deadline for SDLT extended for main residence disposals

Deadline for SDLT extended for main residence disposals In 2016 the Government introduced a 3% surcharge on purchasing second homes. If you buy a new home and your previous home has not sold at the time of the purchase, this charge applies. But it is possible to claim...