Hello to all our readers,
Once again news about Simon! Simon is delighted to be accepted as a member of the Stamp Taxes Practitioners Group (STPG) who are the leading professional forum for stamp taxes practitioners with over 200 members. Well done Simon!
And well done to Amanda too! What a woman! Watch Bell Howley Perrotton’s very own fearless Amanda fly in the face of her fear of heights on a zipline in Wales at 87mph!.
In this months newsletter we are pleased to bring back our podcasts with two new ones; SDLT tribunal update and Residents and non-UK residents who are property owners.
On the legal side we are talking about documentation drafted to support an incorporation and how the ownership and interests are seen as completely different entities by the law.
We’ve also covered what is the level of capacity required to make a valid will, do you need to make yours?
More on SDLT Multiple Dwellings relief and if you missed completing by the deadline of 30th June with a property purchase, there is still a temporary threshold of 30 September 2021!
Update on recent Stamp Duty Land Tax cases before the tax tribunals and MORE....
In this podcast episode , we are joined by our regular guest, Patrick Cannon a leading specialist SDLT barrister. Patrick explains and we discuss the immediate issues of current SDLT... listen now>>>
What Resident and Non-UK resident residential property owners need to consider now!
In this podcast episode , our special guests is Patrick Way QC of Field Court Tax Chambers.
Patrick explains, and we discuss, the immediate issues that resident and non-resident UK residential property and land owners need to consider now, from a CGT, IHT, SDLT and...listen now >>>
Sham Trusts – what are they and how will anyone know? It is clear from discussions with prospects and clients alike over the last few months that those looking to incorporate their property portfolios feel they are well versed in not only the process but the ‘relative ease’ with which it can be done.
SDLT Multiple Dwellings relief.
Multiple dwellings relief’ (MDR) allows a rate to be charged at the percentage payable on the ‘average value’ price (referred to as the ‘Average Value SDLT’ (AVSDLT)) should more than one property be purchased at one time, rather than on the total consideration. MDR is only available for residential transactions...read more>>>
What is the level of capacity required to make a valid will?
There has been some confusion over the test for testamentary capacity. The Mental Capacity Act (MCA) 2005 states ‘A person must be assumed to have capacity unless it is established that he lacks capacity’. But this definition is at odds with the current common law position which was founded on the...read more>>>
New lower SDLT residential threshold.
Back in July 2020, the residential stamp duty land tax threshold in England and Northern Ireland was increased to £500,000 to help stimulate the property market after the first wave of the Covid-19 pandemic. The increased threshold was originally due to apply from 8 July 2020 until 31 March 2021, but as the Covid-19 pandemic continued to run....read more>>>
Amazing Amanda on the fastest Zipline in the world!
If you are looking at help or advice on any of the following services please feel free to contact us direct or find out more using the links to our web pages below:
Thank you for reading our latest news and if you've got a tax or legal issue you would like us to cover in our next newsletter, or any specific questions related to our articles this month, please let us know!
Kind regards, Simon, Amanda and the team at Bell Howley Perrotton.