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Tag:AUTUMN BUDGET

Buy-to-let homes face higher stamp duty

From April 2016, landlords and people buying second homes in England and Wales will have to pay a 3% surcharge on each stamp duty band. Buy-to-let homes face higher stamp duty Changes coming into place need to be considered when making decisions about second homes and buy-to-let projects. Call the specialists… Khan Thornton’s team is…

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Tax relief on buy-to-let properties will be cut

Thinking of buy-to-let schemes, or already in one? Tax relief on mortgage interests for high-rate tax payers will be restricted to 20% (low-rate tax payers will still get the current 20%), with the change being phased in over four years from 2017. Buy-to-let tax break to be cut Khan Thornton specialists can help with up-to-date…

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Changes to inheritance tax: “flawed” and unnecessarily complex

Unanimous media coverage about the unnecessarily complex changes to the inheritance tax (Autumn Budget 2015). Expert advice is now more valuable than ever to understand the implications of the changes taking place in the next few years. http://www.telegraph.co.uk/finance/personalfinance/tax/12044066/Why-new-inheritance-tax-rules-are-flawed-and-how-they-could-be-fixed.html