Article Tag: Budget

Budget 2021: Business Rates Relief Extended Until March 2022

How does the extension of the business rates relief affect the commerical propert market?

Business rates represent one of the largest costs for businesses occupying commercial properties, many of whom have undoubtedly been acutely affected by the COVID-19 pandemic. With that in mind, the Government announced in its Spending Review that it had decided to freeze the business rates multipliers in 2021/2022, with the intention of benefitting and providing… Read more »

Budget 2021: Capital Gains Tax and Divorce

Capital Gains Tax (CGT) is payable on the disposal of an asset whether it is sold, gifted or whether you are ordered to transfer it as part of a court order. The “gain” is the difference in the value of the asset when it was acquired and its value when you dispose of it. In… Read more »

Budget 2021: Stamp Duty Holiday Extension and Mortgage Guarantee

Keys for new home - stamp duty holiday extension and mortgage guarantee scheme announced in latest budget

In an attempt to mitigate the effects of the COVID-19 pandemic, Chancellor Rishi Sunak announced an extension to the Stamp Duty Land Tax (SDLT) holiday, along with a new mortgage guarantee. Stamp Duty Land Tax (SDLT) Holiday Extension The stamp duty holiday on property purchases below £500,000 has now been extended for 3 months until… Read more »

Budget 2021: Changes to Employment Law

what changes to employment law have been made to the Budget?

Following Chancellor Rishi Sunak’s Budget announcement, we outline the key points with regards to the changes to employment law. These include the furlough leave extension, hiring apprentices, Statutory Sick Pay and the National Living Wage. Furlough Leave Extension The current furlough scheme will now continue for a further five months until 30th September 2021 (instead… Read more »

Budget 2021: Capital Gains Tax and Corporation Tax on Businesses

Automatic extensions no longer granted by Companies House

Many experts had predicted that Chancellor, Rishi Sunak, would use the Budget as an opportunity to announce significant personal tax rises to address the dire state of the public finances following 12 months of Government intervention in the COVID-19 pandemic. However, personal tax rises were not forthcoming, though an increase to corporation tax was announced…. Read more »

Deeds of Variation – will they stay or will they go?

Earlier this year the media gave a little dig at the Miliband family for utilising Deeds of Variation and although the documents were not abolished in the July Budget, a consultation was opened to review the use of the document for tax purposes. This consultation is due to close on 7 October 2015. What are… Read more »