Stamp Duty
What Is First Time Buyer Stamp Duty Relief? [2024]
When buying a property in the UK, stamp duty is a crucial consideration as it can add thousands to the purchase price.
Junaid Usman
29 April 2024
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When buying a property in the UK, stamp duty is a crucial consideration as it can add thousands to the purchase price.
The non-dom tax status regime is set to be abolished by 6 April 2025, surprising many wealthy non-domiciled people with the speedy implementation. More commonly
HM Revenue and Customs implemented the Construction Industry Scheme (CIS) to make paying taxes fair for both employed and self-employed individuals, ensuring that the
The Autumn Statement 2023 announced an increase in the UK minimum wage 2024 for all four wage categories. Changes in minimum pay always begin in
Since pension income is considered an ordinary income, it is taxed. The rule of thumb is to withdraw only within the annual income tax
On 22 April, HMRC will initiate the pilot phase of Making Tax Digital (MTD) for income tax self-assessment. Craig Ogilvie, Director of MTD, has reached
The latest HMRC Digital Disclosure Service (DDS) is accessible to everyone who wants to straighten their tax affairs. This is to encourage all taxpayers
Capital allowances on property come in several types, each with dynamic and intricate rules. These allowances are not automatic and must always be claimed
Starting from Spring 2024 in May, taxpayers accessing HMRC’s online services for the first time will need to create a GOV.UK One Login account instead
How much taxes a subcontractor pays depends on whether they are CIS and/or VAT registered. Our CIS calculator for tax deductions and rebates will
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Property purchases in the UK must be paid stamp duty by the buyer. In England and Northern Ireland, it is called Stamp Duty Land
Property purchases in the UK within the stamp duty threshold are tax-free. The threshold depends on several factors, such as whether an individual is
HMRC is currently writing to people that have been impacted by an old administrative error. This error was related to Home Responsibilities Protection (HRP).
Should I be a sole trader or limited company? The answer to this is, of course, subjective. There are a lot of factors to
Is tracking your rental income and expenses harder than it should be? For many landlords, tax season means digging through paperwork and rushing to
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
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