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25th July 2016
Amidst all the current uncertainty, it may be a comfort to know that despite the UK’s long-standing membership of the EU, property law in the UK has remained essentially national with, for the most part, little intervention from the EU. As a result, it looks as though Brexit will have limited impact on how UK property is owned or dealt with. In particular, leaving the…
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04th December 2015
Stamp Duty on Property was abolished in 2003 and replaced with the confusing and similarly named Stamp Duty Land Tax (SDLT).  Whereas the old Stamp Duty was based on a value stated in the document, SDLT is a tax on an Owner/Tenant not on the Property itself. In addition the old Stamp Duty rules were relatively straight forward whereas SDLT is assessed on the basis…
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28th October 2015
In recent years there has been increasing pressure on HM Revenue and Customs (HMRC) to prevent tax avoidance and evasion in order to increase tax revenues. The vast majority of tax on individuals in the UK is collected by self-assessment. Tax Returns can be filed online and tax due calculated by online systems. It is therefore possible for HMRC to be completely unaware if a…
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