-
-
Recent Posts
-
-
Chancellor Kwasi Kwarteng announces his ‘mini-budget’ with major tax cuts
-
Key points of October 2021 Budget from the Chancellor’s Autumn Budget and Spending Review
-
Self-Employment Income Support Scheme (SEISS) fourth grant – Applications must be made by 1 June
-
New Stamp Duty rates for non-UK residents
-
Highlights of 2021 Spring Budget announced by Chancellor of the Exchequer Rishi Sunak
-
Make a Time to Pay arrangement or pay tax by 1st April to avoid Self Assessment Late Payment Penalties
-
New rules for business travellers, cash declarations and on social security following UK’s exit from Europe.
-
No late filing penalty for Self Assessment 2019-20 tax return filed until 28th February.
-
Are you affected by coronavirus ‘reasonable excuses’ to meet Self Assessment deadline 31 Jan?
-
New lockdown grants to support retail, hospitality and leisure businesses worth up to £9,000 per property
-
CJRS (Furlough scheme) has been extended to end of April 2021
-
NHS & Healthcare workers tax refunds – Claim tax relief for your job expenses now.
-
Self-Employment Income Support Scheme (SEISS) third grant up to £7500: Applications now open
-
Spending Review 2020 – National Living Wage will increase & NHS Doctors and nurses will get a pay rise.
-
-
No Comments
The Government has announced an important change to Stamp Duty Land Tax (SDLT) for buyers of residential property in England and Northern Ireland who are not resident in the UK. The change affects purchasers of residential property from 1 April 2021.
The new measure will mean an additional 2% surcharge on existing SDLT rates for those who purchase residential property in the UK but are not UK residents. It will also apply to some UK resident companies controlled directly or indirectly by non-resident persons. The surcharge will apply to both freehold and leasehold properties in England and Northern Ireland.
We’re reminding potential buyers of residential property in England and Northern Ireland who are not resident in the UK to be aware of the impending change if they could be affected, particularly considering the length of time that property purchases can take to complete.
For individuals, it’s worth remembering that a person’s residence status is determined by a simple and SDLT specific test which requires the individual to be present in the UK for a set number of days by reference to the effective date of the transaction.
You can also use the government’s online calculator at GOV.UK. This will allow you to work out your likely SDLT liability ahead of a potential purchase.
James Jose
23. January, 2021.
Very pleased by Maatmann, very friendly, amazing service at great price.
Herve Rolland
19. October, 2020.
Maatmann is a very ethical and supportive accounting firm ideal for small businesses. They have provided me with great accounting and tax advice as well as being very responsive when I had questions. I would recommend them to any small businesses.
Joseph Mathew
14. October, 2020.
I am very pleased by Maatmann Accountants. They offer amazing service at a great price. They are very friendly and will explain small business accounting questions step by step to make sure your business is going in the right direction. I am very happy that I found their office. They saved me not only money, but time. A place to get things accounted. Thank you, again for the excellent service.
Thomas Mathew
13. October, 2020.
Maatmann Accountants are very good they Keep My accounting records of my company prepare Company Tax Return to work out how much CT to pay they sort my self assessment on time , Best part is that you don’t have to go to there office every thing is online, I received prompt service from them, I Recommend them for your Tax related Jobs .
Aloysius Mathew
7. October, 2020.
Maatmann Accountants have been providing exceptional services for all my account work since last few years. They have been managing my personal assessment and maintaining my business accounts. prompt, reliable, quick response to my queries. I recommend them to anyone who wants help with accounting and tax. great experience!
Tags: 2021 Spring Budget, Non Residents, Stamp Duty, Stamp Duty Land Tax (SDLT)
Categories: Budget, Money & Taxes
Categories: Budget, Money & Taxes
