Podcasts about stamp duty land tax

#180What are the repercussions of the Autumn 2024 budget for expats, property investors and those that are both! How will it affect your tax residency, your retirement and your estate planning. And what impact will the budget have on your investment strategy, your pension or your domicile status?Jake Barber of SJB Global is an expat tax specialist who helps expats with their Retirement, Investment & Tax Planning.Jake takes us through the budget and its impact on Expat Property Investors.During the episode, we discuss:Impact of autumn 2024 budget on expat residency, retirement, and estate planning.Impact on individuals due to frozen tax brackets and increased taxes.Current UK tax brackets and their implications.Spending strategies in retirement changing due to estate tax structures.Renters and those without assets facing disadvantages.Increased property taxes potentially leading to higher rents.Stamp Duty Land Tax changes and examples given.UK domicile status now based on residency rather than origin.Changing country/state impacts domicile status.Effects on inheritance tax liabilities.Non-domiciled residents' tax obligations and exemptions.QROPSInheritance tax changes reducing drastic decisions.Double taxation risk on pensions without specific schemes.Business and agricultural property relief changes impact.Capital gains tax rate changes and their effects on income groups.Tax residency and investment strategy affected.Advice on keeping assets in tax-neutral jurisdictions for expats unsure of permanent residence.Encouragement of moving assets outside the UK for tax exemptions after 10 years abroad.UK inheritance tax nil-rate band of £325,000.Taxation on assets above the nil-rate band. We help time poor professionals get a good return on their money by investing with us. Schedule a callLeave an honest review of Expat Property StoryJoin our Mailing List to join our WhatsApp  group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our Monthly NewsletterFollow the Show on InstagramTell us the one thing you're struggling with in UK propertyDetails of where to meet other Expat Property Investors (For FREE!!!):Hong Kong: Pacific Coffee, 2/F, Central Building, Central (first Saturday of each month from 11:30 am)Dubai: Holiday Inn, Science Park (first Wednesday of each month from 7pm)Singapore: The Providore at VivoCity (first Saturday of each month  from 10:30 am)Keywords:UK Property, UK Tax Brackets, Inheritance Tax, Capital Gains, Stamp Duty, Expat Property Investment, Domicile Status, Retirement Planning, Global Assets Tax Strategies, QROPS

Enjoying the podcast? Tell us what you think below and give us a rating. As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.   In this special bonus episode of The Pension Confident Podcast, we cover some of the key announcements in the government's Autumn Budget and what they could mean for you and your finances. Tune in as our host, Philippa Lamb and PensionBee's Spokesperson, Annabelle Williams, cover the changes made to: employer National Insurance contributions; Inheritance Tax; capital gains tax; and Stamp Duty. Episode Breakdown: 01:33 Initial thoughts on the Autumn Budget 02:42 Employers National Insurance contributions 04:23 Inheritance Tax and pensions 09:07 Changes to capital gains tax 11:06 Stamp Duty 12:33 Impact on working people 13:15 What are ‘stealth taxes'?     Further reading and listening: To learn more about financial scams and protecting yourself and your money, check out these articles and podcasts from PensionBee: Episode transcript What does the Autumn Budget 2024 mean for your pension? What does the first UK female Chancellor mean for my pension savings? Inheritance Tax guide What's a workplace pension? Pension death benefits Defined contribution pensions How pensions can cut your tax bill Pension tax relief Should I pay into a pension or an ISA? What is Auto-Enrolment? Why has renting got so expensive? E17: Should you save into a pension or an ISA? (Podcast) E22: Why is renting so expensive? (Podcast) E32: How to understand your pension balance (Podcast)   Other useful resources: Autumn Budget 2024 (HM Treasury) How Inheritance Tax works (gov.uk) National Insurance rates and categories (gov.uk) Stealth Taxes: What are they, how they work (Investopedia) National Minimum Wage and National Living Wage rates (gov.uk) Stamp Duty Land Tax (gov.uk) Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on X, YouTube, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Annabelle Williams on LinkedIn.

Sarah Muir and Irene Wolstenholme, Head of Wealth Structuring at Coutts, reflect on the autumn budget including changes to National Insurance Contributions, Inheritance Tax, Capital Gains Tax and Stamp Duty Land Tax. Plus this week's quick fire numbers are 4 and 3/4 and 45.

This week Nimesh Shah and Rob Goodley discuss the perils of poor Stamp Duty Land Tax adviceSee omnystudio.com/listener for privacy information.

Shaz deep dives into the many strategies used in property investment, such as Buy-To-Let, HMOs (Houses Of Multiple Occupation) and Serviced Accommodation, along with many more. KEY TAKEAWAYS Many people believe that the only route into property is a vanilla one - buying a house, living in it and maybe renting it out. Buying to own or buying to let is where research stops in general. Property is recognised as the most reliable investment strategy due to its stability, robust forecast outcomes and historic proof of growth. Stamp Duty Land Tax is a renowned charge upon the homes you buy. With investment property it's good to be aware that there is an additional 3% on the whole lot. Property investors are sometimes seen as miserly and money-driven. Nightmare tales of landlords are sensationalised and spread, increasing the bad image. But most landlords are wise, resourceful and good people who see their investments as a necessary business, and act on behalf of their tenants at all times. BEST MOMENTS 'I've been looking at sixteen potential strategies you could implement!' 'Property is one of the most popular investment strategies' 'I've seen people do things that are creative and different' 'Landlords don't set the price of their properties - the market does' VALUABLE RESOURCES shaz@aaa-accountants.co.uk  ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on:   Facebook   LinkedIn   Instagram   YouTube. This show was brought to you by Progressive Media

In this week's podcast, we take a look at what to consider if you are advising a client on a surrender & renewal of a commercial property, particularly in relation to the Stamp Duty Land Tax (SDLT) implications. This will be interesting reading for RICS APC and AssocRICS candidates who have Landlord & Tenant and/or Leasing & Letting as a technical competency. --- Send in a voice message: https://podcasters.spotify.com/pod/show/property-elite/message

HMO Success Podcast Episode 75 - Efficient Tax Planning for Growing your HMO Portfolio Neil Ryder from https://propertytax360.co.uk/ is a tax expert who has helped multiple clients reduce their tax liability and increase their income through careful and expedient planning. In this revealing interview, he uncovers some of the areas that the unwary investor could encounter if they are not well educated about tax.  Inheritance tax, Capital Gains Tax, Stamp Duty Land Tax, Income Tax - these all cost us money to pay, and reduce our cash to invest with. How can you legally and compliantly reduce these bills? Section 24 has made a huge impact to investors, and forced many to leave the industry - with Neil's help, you could completely mitigate the impact of Section 24.  On the other side of the coin, you have allowances - capital allowances, CGT allowance, incorporation relief - to name but three. How can you maximise these allowances and therefore increase what you keep? When it comes to planning how to grow and planning how to leave a legacy to your loved ones, have you considered how your estate could be treated on your death and what impacts your lack of tax planning might have? Neil doesn't give quick and easy answers. He's not one to suggest a SSAS or a Trust is the answer - if they are not products that fit your overall goal. He has some incredible solutions up his sleeve which are creative and workable and personalised to your unique goals.  To contact Neil, please visit his website https://propertytax360.co.uk/  

If you are buying a property then SDLT is important and in this episode Shaz shares an overview and key points about stamp duty land tax and answers questions about purchasing through a limited company and shares some of the benefits of buying property in this way along with valuable information about tax and limited companies  KEY TAKEAWAYS If you are buying six or more units you can choose whether to pay residential or non-residential rates You can claim multiple dwellings relief if you are buying 2 or more properties If you are buying property through probate there are ways to reduce SDLT SDLT is vast and complicated so speak to a tax specialist If a property is uninhabitable when you are purchasing there are ways to reduce SDLT Purchasing through a limited company limits your liability If you have property in your own name at the end of the year you will pay tax depending on the profit you have made With a limited company you pay 19%, and you can control how much you take out each year   BEST MOMENTS ‘Multiple dwellings relief is a very good relief that will reduce your Stamp Duty Land Tax' ‘A limited company gives you a level of control' ‘If you're paying your children it has to be at a commercial rate'   VALUABLE RESOURCES shaz@aaa-accountants.co.uk   ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on:   Facebook   LinkedIn   Instagram   YouTube.                                      See omnystudio.com/listener for privacy information.

#40As my Expat Auction Challenge enters its sixth week, I struggle to find a deal that delivers a decent cashflow.A three storey townhouse in Bristol provides the backdrop to this episode as I look for a freehold to leasehold opportunity.Rachel Knight of titlesplit.com urges investors to walk away from those deals that that are so overpriced, the only explanation can be that ‘the landlord's smoking dope'!This leads to a wider discussion as to whether there is value to be had in the auctions at present, particularly with projects involving refurbs.This week's show also features contributions from Vicki Peers of Inside Liverpool and Richard Brown of the Property Voice and of course  Matt Brighton.There is also a working example of Multiple Dwellings Relief, which can reduce your Stamp Duty Land Tax when buying a freehold block of multiple units.

Shaz answers questions about Land remediation, Stamp Duty Land Tax and buying property in an SSAS He answers very specific questions and shares answers that will help anyone who is involved in property, listen in and learn more   KEY TAKEAWAYS If you get a discount because of work needed to remove contamination there is no additional tax relief If you are buying a property in an SSAS there are no capital allowances because there's no taxable profit If you are buying a property with a significant amount of capital allowances it's probably better to do it outside of an SSAS If you make a gift and the person lives in the property they can claim principal residency Include your children as shareholders early on to make the most of the tax advantages   BEST MOMENTS ‘If it's a property with the usual level of capital allowances buying through an SSAS is fine because of the other advantages' ‘When you gift the property there are capital gains taxes' ‘Make children a minority shareholder and limit their rights'   VALUABLE RESOURCES shaz@aaa-accountants.co.uk   ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on:   Facebook   LinkedIn   Instagram   YouTube. See omnystudio.com/listener for privacy information.

Shaz goes into what makes a property uninhabitable and discusses Stamp Duty Land Tax levels connected to linked transactions He challenges his live audience to come up with some of the answers and explains in detail why an answer is correct or otherwise. This is another episode with great practical information for those involved with property   KEY TAKEAWAYS SDLT goes up in different stages and layers, the higher you go the bigger the percentage Linked transactions mean you will pay more SDLT If a property doesn't have a kitchen it's uninhabitable and not mortgageable A property not having a kitchen doesn't make it uninhabitable for SDLT purposes The threshold for SDLT is higher than the threshold for mortgage companies If the roof is missing, there is asbestos or the pipework is all disconnected a property is likely to be judged uninhabitable If you can demonstrate a property is uninhabitable you can be eligible to pay non-residential SDLT rates   BEST MOMENTS ‘If you don't claim in the first 12 months, it's a lot harder'  ‘It's usually a combination of issues that makes a property uninhabitable'   VALUABLE RESOURCES shaz@aaa-accountants.co.uk   ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on:   Facebook   LinkedIn   Instagram   YouTube.             See omnystudio.com/listener for privacy information.

Stamp duty land tax (SDLT) is one of Shaz's favourite topics but is also one of the least understood in taxation. Shaz takes a look at how stamp duty land tax works and some of the rules and procedures that apply to it, including the thresholds for different bands of payment and some of the rules around uninhabited properties and multiple purchases. Listen in and learn more   KEY TAKEAWAYS Stamp duty land tax applies to both freehold and leasehold land and property The rate of tax paid depends on the size of the property and if it is residential or mixed use Stamp duty land tax is a tax on the transactions themselves For non-UK residents, there is an additional 2% surcharge  payable on any property purchased in England and Wales A stamp duty land tax return must be sent to HMRC and the tax paid within fourteen days of the effective date If you think you may be entitled to any exemption seek advice from a specialist Between 2019 -2020  revenue collected from stamp duty land tax  amounted to around 11.6 billion, a significant figure If you buy more than 6 individual dwellings in one transaction it can be considered a commercial transaction You can claim multiple dwellings relief when you purchase more than one property in a transaction If you can evidence a property being in a particular state on the effective date you can pay non-residential rates of stamp duty land tax Stamp duty land tax is a complicated area and there are many exemptions and reliefs   BEST MOMENTS ‘Before you buy a property you must do the maths and give yourself the options and see which one gives you the best outcome' ‘It's usually better to seek a refund after paying the initial rate of stamp duty land tax'   VALUABLE RESOURCES shaz@aaa-accountants.co.uk   ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on:   Facebook   LinkedIn   Instagram   YouTube. See omnystudio.com/listener for privacy information.

This week, Business Without Bullsh-t sees an all-star line up joining Andy and Dominic for a UK Budget Special. Bossman Richard Oury alongside Simon Walsh, Ian Phipps and Jeremy Coker takes to the (virtual) round table to discuss what the Chancellor of the Exchequer Rishi Sunak described as “the most important budget for a generation”.The team discusses an array of topics including their overviews of what the budget looks like as a whole and its implications on businesses and future taxes, the dawn of new VAT rates post-Brexit, how the housing industry has been affected by the extended zero rates on Stamp Duty Land Tax, how the new Self Employment Income Support Scheme will make 600,000 more people eligible for grants and how all of this incredibly generous government spending will be paid back in the long run. Andy also tells us how he plans to do his bit to refuel the economy (involving lots of wine and lobster!)Whether you're a novice or a pro, this is a no bullsh-t breakdown of the UK budget given by experts, speaking as people.Pull up a chair and press play (with a notepad and pen handy).Business Without Bullsh-t is powered by Oury Clark

Key Points and Budget Highlights:‣ No changes to income tax, national insurance, or VAT rates; but as income is expected to rise, more people pay tax or go into the higher rates. ‣ Corporation tax (CT) rates to increase to 25% on profits over £250,000 from April 2023; CT rate at 19% remains for smaller companies with profits under £50,000. Taper relief on CT for profits between the two levels. ‣ Super-deduction for investment in new equipment; from 1 April 130% tax relief for companies only.‣ Three year carry back of trading losses – See: https://www.gov.uk/government/publications/extended-loss-carry-back-for-businesses‣ VAT registration limit frozen at £85,000 until 1 April 2024.‣ 5% VAT rate for food, attractions, accommodation extended – See details here: https://www.gov.uk/guidance/vat-reduced-rate-for-hospitality-holiday-accommodation-and-attractions‣ Stamp Duty Land Tax thresholds extended.‣ Apprenticeship schemes extended.‣ New grants for high street businesses and hospitality sector – See: https://www.bighospitality.co.uk/Article/2021/03/01/Budget-to-include-5bn-restart-grant-scheme-for-hospitality-and-High-Street-businesses‣ New business recovery loan scheme – See: https://www.gov.uk/guidance/recovery-loan-scheme‣ Furlough scheme extended to 30 September – See: https://www.gov.uk/government/publications/changes-to-the-coronavirus-job-retention-scheme/changes-to-the-coronavirus-job-retention-scheme‣ Self-employed income support grants extended – See: https://www.gov.uk/government/publications/self-employment-income-support-scheme-grant-extension/self-employment-income-support-scheme-grant-extensionSee our Budget Report or watch last weeks roundup for a more detailed summary of business measures here: https://rebrand.ly/LB_BudgetReport‣ From 2023 changes to late filing penalties for tax – linked to a percentage of the tax, the percentage increasing as time goes on.‣ Government continuing to tackle tax avoidance schemes, changes to penalties, and new powers for HMRC to obtain information from financial institutions. ‣ Free rapid tests for all businesses for regular workplace testing - available to all businesses, including those with fewer than 50 employees. Register interest by 31 March to access free workplace testing. See: https://www.gov.uk/government/news/free-rapid-tests-for-all-businesses-for-regular-workplace-testing‣ Continuation of the home office equipment expenses COVID-19 easement for the 2021-22 tax year - was due to end on 5 April 2021 but will now be extended to have effect until 5 April 2022. See: https://www.gov.uk/tax-relief-for-employees/buying-other-equipment‣ Kickstart Scheme update - You no longer need a minimum of 30 job placements to apply directly for a grant. See: https://www.gov.uk/guidance/apply-for-a-kickstart-scheme-grant‣ Common mistakes on a VAT return∙ Poor record keeping∙ Partial exemption rules not being applied correctly or at all∙ Failure to pay over VAT on deposits on receipt∙ Not spotting the requirement to repay VAT previously claimed on unpaid purchase invoices older than 6 months.∙ Incorrect reporting of exempt and zero-rated transactions∙ Not registering for VAT in a timely manner when exceeding the turnover threshold of £85,000∙ Transactions relating to land and property not being accounted for correctly∙ VAT claimed incorrectly on business entertainmentSee the full blog here: https://rebrand.ly/LB_VATCQM┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈If you have any questions or would like to discuss any topics further, then please get in touch. You can call us on 01243 782 423, or email LetsTalk@lewisbrownlee.co.uk. Alternatively, head to our website to see our other resources and news updates - www.lewisbrownlee.co.uk

In this succinct episode, Shaz shares an overview of the taxes you are likely to need to pay when you have a buy to let property portfolio. You need to consider Section 24, stamp duty land tax, capital gains tax and inheritance tax along with deciding which is the right structure for you to purchase property through. This is a great opportunity to hear about what you need to take into account and the different ways taxes will impact on your property portfolio and the way property is purchased.   KEY TAKEAWAYS Section 24 came into effect in April 2017 and it means you cannot claim your finance costs if you have a portfolio in your own name or as a partnership. You can get a 20% tax credit if you are a higher taxpayer but can't claim finance costs If you are a basic rate taxpayer you can claim finance costs. You will be paying more in tax. When buying property to let you will have to pay property stamp duty land tax. When you sell a property, you will pay capital gains tax. You need to forward plan for inheritance tax If you are employed it makes sense to purchase  properties in a limited company Every situation is different and a limited company may not be the right route for you. You need to explore all the options to ensure you use the right structure for you.   BEST MOMENTS ‘You can buy property within a limited company'  ‘You need to consider Section 24, Stamp Duty Land Tax, Capital Gains Tax and Inheritance Tax'   VALUABLE RESOURCES shaz@aaa-accountants.co.uk   ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on:   Facebook   LinkedIn   Instagram   YouTube.                     See omnystudio.com/listener for privacy information.

Welcome to The Pure Property Podcast, dedicated to all things UK Property. In this weeks episode, Nick and Tobi go over the costs involved when purchasing a property and also the main ongoing costs once you own your income generating property investment. They are rough guides and can usually be narrowed down once a specific property has been chosen. One of the costs mentioned is Stamp Duty Land Tax and we have provided a link to a handy calculator which is quick and simple to use. Stamp Duty Calculator - https://www.moneyadviceservice.org.uk/en/tools/house-buying/stamp-duty-calculator We would love to hear your predictions as well so please feel free to email us yours! - info@trackcapital.co.uk You can visit trackcapital.co.uk to learn more about us or email info@trackcapital.co.uk with any questions. Thanks for listening!

Welcome to The Pure Property Podcast, dedicated to all things UK Property. In this episode, the Founder of Track Capital, a UK property investment agency, Nick Hyland, and Director, Tobi Mancuso, discuss the influence of the Stamp Duty Land Tax holiday running until the end of March 2021, as well as the current market conditions as we approach the end of 2021. Sources mentioned: SDLT Information - https://www.gov.uk/stamp-duty-land-tax/residential-property-rates Savills Residential Market Forecasts - https://www.savills.co.uk/insight-and-opinion/research-consultancy/residential-market-forecasts.aspx Hometrack Uk City Price Index - https://www.hometrack.com/uk/insight/uk-house-price-index/september-2020-house-price-index/ You can visit trackcapital.co.uk to learn more about us or email info@trackcapital.co.uk with any questions. Thanks for listening!

We get all the latest reaction after leaders at the European Union finally strike a deal on a massive post-coronavirus recovery package following a fourth straight night of discussions. Plus, we speak to researchers at Khalifa University who are investigating how the coronavirus was able to be transmitted from animals to humans. See omnystudio.com/policies/listener for privacy information.

In this episode Simon Howley, specialist Tax Planner from Bell Howley discusses all things Stamp Duty.We discuss;SDLT on sharesThe difference between residential SDLT and non residential SDLT.Different types of reliefs such as Multiple Dwellings Relief (MDR), Probate purchases, First time buyers, transfers between linked companies, mobile homes, charities and a few others and what you need to do to claim them.We talk about how to determine if something is uninhabitable and what SDLT that property would incur.Why trying to claim MDR on HMOs retrospectively after they have been banded individually for council tax can fall foul.Companies purchasing shares outside of the UK and SDLT on shares of SPVs.Foreign Buyers...and lots moreIf you want to get in contact with Bell Howley regarding Stamp Duty Land Tax please email itp@bellhowley.com See acast.com/privacy for privacy and opt-out information.

PROPcasts focus on the UK real estate law that you practically need to know in advising your business. As an occupier of business premises you will appreciate that tax might be payable when you "hold over" under your existing lease or take a second lease. But the rules around SDLT on lease renewals are complex and opaque. In this PROPcast we will endeavor to explain the factors that are taken into account when calculating the tax due – and why sometimes there’s no tax to pay and sometimes more than you thought.Discover more of the latest legal news and topics discussed by subscribing to the Eversheds Sutherland Legal Insights Podcast Channel.

Stamp Duty Land Tax (SDLT) is one of the most complicated things in property. It's also one of the most misrepresented things in property, usually through solicitors or accountants who don't truly know what they're talking about.   Luckily, Shaz does know what he's talking about, and this week he's talking to you about this complex issue in the hopes that by knowing more, you'll be able to take better advantage of some of the opportunities that not many know of.   KEY TAKEAWAYS   Some accountants and solicitors don't understand the many rules of Stamp Duty Land Tax, and therefore don't truly understand all the rules. They can also be guilty of simplifying the process, which is also a mistake. It's complicated, and that's the painful truth of the matter.   Multiple Dwellings Relief - People are often wrongly advised that you need to buy six or more properties in order for Multiple Dwellings Relief to apply. That isn't true. Multiple means just that. You only need to buy two or more.   If you buy six or more dwellings in a single transaction, you can use commercial rates of Stamp Duty. The nil rate, in this case, is much higher.   If you have an annexe, and if it fulfils the HMRC definition of a dwelling, which is a building suitable for use as a single dwelling, you could be missing out on additional stamp duty paid.     BEST MOMENTS   'Some advisors tend to simplify it, and it isn't as simple as they make it out to be'   ‘Over £20,000. That is huge!'   ‘Do the calculation and see which one comes out best for you'   'Stamp Duty Land Tax is a very complex area'    ABOUT THE HOST   Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.   Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.   He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to main stream media outlets.   You can find Shaz on: Facebook LinkedIn Instagram YouTube. See omnystudio.com/listener for privacy information.

Welcome to the Thompson Wright podcast. To help you understand issues such as Stamp Duty Land Tax and what that may mean for you, we are discussing investing in property in our latest podcast. Britain’s property market has traditionally always been considered a stable and sensible place to invest your money, whether you are looking to purchase a home to sell in the near future, or if you are an aspiring landlord. But there are a number of considerations to make to ensure that you get the most out of property investment, depending on your intentions and your situation.

In this episode we are delighted to Welcome Julie White from Cornerstone Tax to the Podcast Julie is a Chartered Accountant who has specialised in Tax for the last 30 years and specifically Property Tax since 1999. She has worked in a number of large accountancy firms from Pannell Kerr Forster in Nottingham where she trained, to KPMG in Nottingham, Arthur Andersen in Cambridge and London and more latterly at RSM UK in Nottingham and EDF Tax in Nottingham. Julie began to specialise in property tax when she moved to a client of Arthur Andersen  a FTSE 100 company British Land where she began to specialise in property tax and particularly SDLT. She has since advised many entrepreneurial businesses with regard to minimising their tax position. Julie began working with Cornerstone Tax earlier this year.  Cornersrone are a niche property tax consultancy founded in 2006, with a particular focus on Stamp Duty Land Tax, SDLT as it most commonly referred to in the tax world. Cornerstone has grown to become the leading firm of Chartered Tax Advisers in this field. Cornerstone advise solicitors on how to calculate the SDLT liability on individual transactions as the SDLT legislation has become increasingly complex over recent years and the rates have, of course, increased significantly. Cornerstone also advise individual property investors, property purchasers, property portfolio holders, entrepreneurial property business owners and corporate entities to maximise their tax efficiency when it comes to purchasing property and holding it in a tax efficient environment. Much of Cornerstone’s recent work has centred around assisting clients in forensic reclaims of overpaid SDLT on historical transactions and helping clients minimise the SDLT paid on current property purchases. Cornerstone are based near Market Harborough, with a particular strength therefore in the East Midlands, but are a national practice and have clients all over the UK and internationally. Who are Cornerstone Tax We are a niche property tax practice based in Kibworth near Market Harborough, dealing with all property tax issues but with a particular focus on Stamp Duty Land Tax (SDLT) We were founded in 2006 by David Hannah who is a Chartered Tax Adviser with experience in property tax matters and SDLT. We have a team of Chartered Tax Advisers, Chartered Accountants, Tax Consultants’ and Tax Technicians with many years experience in dealing with property tax issues. –  How can Cornerstone help those who buy or hold property? Our team can advise individual landlords, property investors, property developers, property partnerships, and companies on how to plan effectively to minimise all taxes relating to transactions involving property. This could be property purchases, the restructuring of holding property portfolios, transferring properties between individuals and other entities, transfers of properties between family members or leaving assets such as property for future generations. –  What is Stamp Duty Land Tax or SDLT? It is a tax based on the percentage of a price paid for a property or its value if transferred between parties. It is paid for by the purchaser of a property. –  How much is SDLT? The current tax is structured based on a “stepped” system whereby a buyer now pays a fixed percentage for each “slice” in value of a purchase up to a total amount. On residential property if the purchase price is: < £125K = 0% £125K – £250K = 2% £250K – £925K = 5% £925K – £1.5m = 10% >£1.5m = 12% For companies owning a residential property 15% So a residential property costing £750K, the SDLT would be £27,500 (£125K@2%+£500K@5%One costing £1.5m the SDLT would be £151,250. On non-residential...

A protip one should remember when online: Be careful of click baits and fake news stories! In today's episode the Progressive Property Podcast, Peter dissects and points out how misleading the latest article from a well-known tabloid is for its readers. It was tackling on the ‘fall' – well, that's what this tabloid sees – of the property market. For one, their interpretation wasn't backed with enough evidence for it to be credible. So, listen in to discover from Peter himself how stable the property market is right now according to RICS, the concept of ripple theory, what indices should you look at, and how to stay away from non-credible sources! KEY TAKEAWAYS How true is the Daily Mail's latest article on the ‘fall' of the property market? The article is entitled “As property sales fall across the UK, are house prices set to take a tumble?” which was published last August 16, 2018. It says property market run out of steam. It will lead to a crash. Houses are losing value. Property Market is in a bubble and it will burst soon. The whole article is questionable because there weren't enough sources to support it. Ripple Theory. London value goes up. Values near London increase also. TRUTH/FACTS from RICS UK Residential Market Survey for July 2018 the number in the new letting sector is going down the number of landlords bringing properties have decreased quite significantly since Section 24 implementation +2% increase in rents in over 12 months AND +15% increase is expected in 2023 Daily Mail forgot to mention that London Price balanced edged from +3% to 4% last July - not big but not an indication of a crash. It's saying the market is STABLE. Despite the fact that buyers are scared because if interest rates, the number of buyers increased by 2. very little because the number of properties available hasn't increased. Don't just read the headline and think it must be through. Find credible sources. Get a hold of RICS monthly residential market survey. BEST MOMENTS "There's been a curious game of cat and mouse with buyers and sellers." "What I think is happening here is as often happens, as I said right in the beginning, the Daily Mail – they gotta sell papers, they're trying to be dramatic…” "The RICS is confirming that that [Stamp Duty Land Tax] and Section 24 are beginning to bite in the investment market and in the buy-to-let market overall." "If you're thinking: is it the time to be in property? Maybe that's suggesting that now is the time to be in property." "Do your own interpretation. Don't let the Daily Mail or the press or anybody else interpret the data for you." VALUABLE RESOURCES RICS UK Residential Market Survey (July 2018) ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating a property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor's Strategy Workshop and The Property Renovator's Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD The Property Teacher   See omnystudio.com/listener for privacy information.

A chance to summarise the changes made in yesterdays Autumn Statement to Stamp Duty Land Tax ahead of a discussion the Jeremy had with the head of Priced Out! and the National Landlords Association. This introduction at the top of the program would usually be done by someone from the BBC Business Unit but they were all covering the story elsewhere (or on their Christmas lunch?).

In his Autumn Statement Chancellor George Osborne announced big (and welcome) changes to Stamp Duty Land Tax. Simon Jack, Today Business Correspondant wanted to know more. Copyright BBC

A chat with Nicky Campbell, Rachel Burden and Andy Parsons about Welsh Tories plans to scrap Stamp Duty Land Tax on homes up to £250,000. Not enough time to do it justice. Done from home using LuciLive. Worked for once!