Chancellor targets buy-to-let and second property purchases from April 2016

Chancellor targets buy-to-let and second property purchases from April 2016

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osborne_front_2_3235919b-2From 1 April 2016, the purchase of a buy-to-let or holiday property will be subject to an additional 3% stamp duty (SDLT).

This is a further additional tax on those who wish to invest in property as an alternative vehicle for saving, given the historically low levels of interest rates available on keeping wealth as cash.

The announcement of this change in the Autumn 2015 spending review comes hot on the back of the announcement on the restrictions on claiming tax relief for mortgage interest announced in the July Budget.


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xero-logo-hires-RGBPension-PeopleAuto Enrolment – everything you need to know about it and the lack of time you have to implement it!

Xero Online Account – How to keep your books sitting on a beach in Hawai whilst drinking cocktails!

Morrell Middleton have teamed up with Ardent Financial advisers to discuss the in’s and out’s of implementing the Governments solution to the pensions crisis – Auto Enrolment.

The rules will apply even to individuals who employ just one person, such as a nanny or gardener. Employers will have to enrol workers who are classified into 3 areas, Entitled Worker, Non-Eligible Jobholder and a Jobholder. Who is which and what you have to do for them is all in our notes!