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To boost the property market after the first COVID-19 shutdown, the Chancellor introduced a Stamp Duty Land Tax (SDLT) holiday for residential properties. If you are buying your first or only home in England or Northern Ireland for up to £500,000, you will pay no ...
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Client liaison has always been an important aspect of Clarke Nicklin Financial Planning, however more so now than ever. In the video below, Partner and Financial Advisor, Scott Herbert, discusses how him and the CNFP team have liaised with clients during the Coronavirus pandemic and various ...
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CGT on two homes Moving home is particularly stressful in the middle of a pandemic, as key steps get delayed and deals may fall through. The gain you make on the sale of your home is only free of Capital Gains Tax (CGT) for the ...
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Partner and Independent Financial Advisor, Scott Herbert discusses below the current stock market and how COVID-19 has affected this. To see more videos produced by Clarke Nicklin Financial Planning, please see here ...
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Land tax holidays When you buy a home, you normally have to pay a land tax on the purchase price. There are three different forms of land tax that apply in the UK and each has their own starting thresholds, rates and bands. One common ...
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Scott’s views on the current property and mortgage market: To discuss property and mortgage related queries, please take a look at how our mortgage advisor, Jon, can be of assistance ...
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From the 8th of July 2020, Rishi Sunak revealed the government has brought in a stamp duty holiday,  meaning anyone completing a property purchase after that date would not have to pay stamp duty on the first £500,000 of a property’s purchase price. Until 31st ...
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We are delighted to announce we have a fresh new look with the re design of our logo and brand new website. We have been very busy over the lockdown period supporting and advising clients, as well as working on our marketing strategy involving a ...
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Individual landlords of residential properties are subject to restrictions on how much interest and finance costs they can deduct from rental income. In 2019/20 individual landlords are permitted to deduct just 25% of their interest and finance charges for tax purposes. From 6 April 2020 ...
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When your total income reaches certain thresholds, it tips any extra income into a tax band where a higher rate of tax is charged. This can also mean you lose part or all of your Savings Allowance, Child Benefit, Personal Allowance, or Pensions Annual Allowance ...
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All interest you receive is taxable, unless it is from an ISA, but banks and building societies no longer deduct tax from interest paid to individuals. For most taxpayers the rate of tax payable on that interest is 0%, so no tax is in fact ...
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When you die, your executors or relatives need to sort out your affairs. This stressful task can be made easier if you leave a clear and up-to-date Will which has been drafted with tax in mind.They may also need to pay Inheritance Tax (IHT) if ...
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