Demand rising for London residential property from Hong Kong investors

Buying a London property is a prime investment opportunity for Hong Kong buyers – either as a pure investment or as a home. The potential is clear – London is an international hub for business and education and the UK’s stable political system and strong economy are also important factors. New UK Visas for Hong …

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New rates of Stamp Duty for overseas property buyers from April 2021

What is the new 2% Stamp Duty that will affect foreign buyers? Chancellor Rishi Sunak announced in the recent budget that the government will be introducing a new 2% Stamp Duty Land Tax (SDLT) surcharge for overseas investors not resident in the UK who buy residential property in England and Northern Ireland. This will take …

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Stamp duty surcharge for those buying an additional residential property

What is the 3% UK Stamp Duty Land Tax surcharge? In 2016, the government introduced a 3% Stamp Duty Land Tax (SDLT) surcharge for anyone buying an additional property in the UK. This applies to additional homes, buy-to-let properties and holiday homes. The 3% surcharge still applies, irrespective of the new, reduced Stamp Duty rates …

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Investors flock to London for lockdown deals

The London property market is in the process of confounding all the pessimists and sceptics as it performs a thrilling V-shaped recovery from the recent Covid-19 slowdown. Encouraged by both UK Government competence and public confidence, investors are back in town and already using their stockpiled liquidity to hunt for the best deals available.

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West London homes under £500,000 near Crossrail with NO Stamp Duty

The post-lockdown housing market is gathering pace with house prices up 1.7% in July and with the temporary stamp duty holiday, now is a great time for rental investors to make significant savings up to £15,000. Let us introduce you to some great West London developments which are nearby the forthcoming Elizabeth Line (Crossrail) and …

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Invest in the West: Warple Lofts breathes fresh space into Acton

A History of Commerce High specification renovation projects like Warple Lofts are part of the reason why Acton is ready to step out of the shadow of its more well-known neighbours. Another crucial factor is the advent of a super-fast rail connection that will revolutionise travel and put the population of this smart West London …

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Higher rate tax relief phased out July 2020

Higher rate tax relief for buy-to-let landlords now completely phased out Higher rate tax relief on finance costs (such as mortgage interest) for landlords who own residential (buy-to-let) properties has now been completely phased out. Tax relief for landlords who are higher rate tax payers has been gradually phased out over the last three years …

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Government brings in temporary Stamp Duty reductions for property purchasers

The government has reduced rates of Stamp Duty Land Tax (SDLT) for property purchases in England and Northern Ireland. This is a temporary measure and applies to property purchases between July 8th 2020 and March 31st 2021. What will purchasers pay? Purchasers completing on a property (a main residence) valued at up to £500,000 will …

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The hottest London property deals

As the UK property market emerges from lockdown, there has been a reported surge in buyer demand. According to property portal Zoopla, buyer demand is 54% stronger than it was before lockdown and sales have risen by 137% since the market reopened on 13 May.

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Non-UK resident companies that own UK property must now register for Corporation Tax

You may already be aware that recently there have been several changes to UK taxes and we are putting together a series of blogs to explain the key points. This blog focuses on the change to the type of tax paid by non-UK resident companies on profits from UK property. Click here to read information …

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Changes to Capital Gains Tax in 2020 – what you need to know

The last few years have seen a number of changes to the UK’s tax regime with the latest coming into force on April 6th 2020. The changes affect the Capital Gains Tax (CGT) reporting deadlines and the amount payable when an individual sells a residential property that they have not used as their main home …

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Can landlords increase rent?

A. In the case of fixed-term tenancies, landlords cannot increase rents unless there is a mutual agreement with the tenant. Alternatively, they must wait until the rental term expires which is why it is so important to have a professionally drawn up contract that lets both parties know where they stand, what their responsibilities are …

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