July 13th, 2020 / Insight posted in MKS News

New Model Adviser: Lynne Rowland’s article “Forget stamp duty, property tax changes mean there’s lots to learn”

We are nearly four months into the new tax year, with lockdown restrictions slowly being relaxed and some positive signs in the property market following Rishi Sunak’s stamp duty holiday announcement last week. New rules notwithstanding, there are still some significant changes to the tax rules that apply to residential property that you need to comply with.

In the current fast-changing and difficult economic environment it is inevitable that taxes will have to be raised, and property transactions remain a likely target. Rowland’s article discusses capital gains, reporting requirements and inheritance tax residence nil-rate band

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