High street shops, hospitality and leisure businesses were some of the hardest hit during the Covid-19 pandemic and many have not fully recovered. These businesses were granted 100% business rates relief during 2020-21 which continued until 30.6.21 for properties in England. Different rates reliefs apply in Scotland and Wales.
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As a landlord you may have lost income during the pandemic as tenants have left or gone into liquidation
Continue ReadingCapital gains tax (CGT) may be due when you sell a second home or a property that has not been occupied as your main home for the entire period of ownership.
Continue ReadingA new online system for paying and declaring CGT within 30 days of completion for sales of residential property was introduced from 6 April 2020.
Continue ReadingStamp duty land tax (SDLT) must normally be paid by purchasers when they buy residential property in England or Northern Ireland for more than £125,000.
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