When do you pay Stamp Duty Land Tax? Discover when SDLT applies, how the banded rates work, which special rules affect certain buyers, and the strict 14-day deadline for returns and payment.
When do you pay Stamp Duty Land Tax?
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UK tax for Indian businesses
Understanding UK tax for Indian businesses is essential as the India–UK CETA reshapes market entry. From entity structure and transfer pricing to R&D reliefs and payroll obligations, here is what you need to know before you take your first step.
VAT – opting to tax property
The option to tax can improve VAT recovery on non-residential property costs, but it can also create long-term consequences. Extensions, linked buildings and new complexes can all affect the VAT position, so businesses should take advice before opting to tax property or altering an opted site
Register an offshore property developer for Corporation Tax
Non-UK resident companies that buy, develop, or sell UK land must register for Corporation Tax within three months of a disposal.
Found objects and Capital Gains Tax
HMRC treats found objects as chattels for CGT, with exemptions available for lower-value or qualifying sales.
Spring Statement 2025: Key Tax Measures and Modernisation Initiatives
The Spring Statement 2025 highlighted the government’s commitment to modernising the tax system and enhancing public sector efficiency. However, the lack of relief for Employers’ NIC and upcoming business tax increases remains a concern for many.
How far back can HMRC assess under-declared taxes?
HMRC sets specific time limits for issuing tax assessments, ranging from 4 to 20 years, depending on the nature of the behaviour leading to under-declared taxes. Understanding these limits is crucial for taxpayers to ensure compliance and avoid penalties.
VAT – option to tax property
Special VAT rules, called the option to tax, let businesses standard rate non-residential properties, providing benefits like VAT recovery on costs. Subsequent property transactions incur VAT, impacting non-recoverable costs for some buyers. Revoking the option is limited, requiring careful consideration.
Tax when you sell property
The UK’s annual Capital Gains Tax (CGT) exemption will reduce from £6,000 to £3,000 in April 2024. CGT rates vary, with higher rates for property sales, excluding principal residences. A 60-day deadline applies for CGT payments on residential property sales.
Tax when you sell property
The annual exempt amount applicable to Capital Gains Tax (CGT) has been reduced to £6,000 (from £12,300) for the new 2023-24 tax year.
VAT & Indirect Tax Services
VAT & Indirect tax services for every aspect of your business Impacting your day-to-day transactions to enhance...
Scottish Budget 2024-25
Scotland’s Finance Secretary, Shona Robison, presented her first Budget, addressing economic challenges post-Brexit. New tax bands aim to raise £1.5 billion in additional Income Tax revenue. Land transaction taxes remain stable. Approval by the Scottish Parliament is pending.
Welsh Budget 2026-27
The Welsh budget for 2026–27 delivers £27.5 billion for public services, confirms no changes to Income Tax or LTT rates, and introduces targeted adjustments to reliefs and housing‑related measures.
Higher rates of SDLT on residential property
The higher rates of Stamp Duty Land Tax (SDLT) were introduced on 1 April 2016 and apply to purchases of additional residential property such as buy to let properties and second homes.
Welsh Budget 2024-25
The Welsh government published the 2024-25 draft Budget, maintaining WRIT at 10p. No LTT rate changes; consultations later. LDT aligns with UK rates. NDR multiplier capped at 5%. RLHRR receives 40% relief, capped at £110,000. Final Budget on February 27, 2024.
Stamp Duty on shared ownership property
Stamp Duty Land Tax (SDLT) is payable whether you buy a freehold property, a new or existing leasehold property or a shared ownership property.
Autumn Statement Summary
The new Chancellor of the Exchequer, Jeremy Hunt, has delivered his Autumn Statement to the House of Commons. Read our summary of the key announcements.
The Growth Plan 2022
The new Chancellor of the Exchequer, Kwasi Kwarteng, delivered a fiscal statement referred to as The Growth Plan 2022 on 23 September 2022. The statement to a packed House of Commons centred on the government’s plans
Transfer pricing risks for Indian groups
The India–UK CETA is bringing more Indian businesses into HMRC’s transfer pricing net. Transfer pricing risks for Indian groups are among the most common – and least understood – areas of UK tax exposure. Here is how to get your position right from day one.
The India-UK CETA in numbers: A business leader’s guide
The India-UK CETA in numbers tells a compelling story – £47.4 billion of bilateral trade, 99% tariff elimination, and a 15 July 2026 launch date. Here are the key statistics every Indian business leader needs to know before entry into force.
What the India-UK CETA means for Indian businesses
The India–UK CETA is the UK’s most significant trade deal since Brexit. It brings near-total tariff elimination, a first-of-its-kind financial services chapter, and new business mobility commitments. But for Indian businesses entering the UK market, the practical questions matter most — from entity structure and transfer pricing to payroll and employer obligations. Here’s what you need to know.
Capital Gains: Understanding Business Asset Relief
Business Asset Rollover Relief can defer Capital Gains Tax when you reinvest disposal proceeds into qualifying trading assets. Keep an eye on the reinvestment window and the claim deadline, and record asset use carefully.
Do you charge VAT when you sell a company car?
Whether VAT applies when selling a company car depends on how it was purchased and whether VAT was recovered. Applying the correct rules helps businesses avoid errors and ensures proper VAT treatment.
Scottish Budget Statement 2026-27
The Scottish Budget Statement keeps Income Tax rates unchanged but widens lower tax bands. Landfill tax will rise from April 2026, and new council tax bands for £1m+ homes will apply from 2028. All measures await final approval.