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04-10-2021 Claudia
Self-Assessment 2021/22 – Deadlines & Penalties

This is the time of year when key tax deadlines start to loom large. Miss these, and the result is almost certainly heavy penalties. These dates apply for the tax year 2020/21, which ended on April 5th this year. You can read about deadlines and penalties here. 5th October 2021 – register for self-assessment Is […]

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11-09-2021 Simon
Commercial Property – Freehold v leasehold?

This article will be of interest to business owners looking to buy a UK commercial property. Its aim is to give you a brief introduction to the key points to consider about whether to buy a property: outright (freehold); as a long leaseholder; or to rent a property as a short leaseholder. Freehold vs Leasehold […]

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08-09-2021 Claudia
Skilled Workers Visa – how much does it really cost?

Helping UK companies with Overseas Employee Sponsorship Licences As I’m sure you know, free movement of workers between the EU and the UK has ended and we now have a new immigration system. This system requires both the UK company that will employ the worker and the EU worker to follow a complex and expensive […]

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08-09-2021 Simon
Increases in National Insurance and Dividend Tax

Proposed increases in National Insurance and Dividend Tax Yesterday (7/9/21) the UK Government announced its plans for a 1.25 percentage point increase in National Insurance Contributions (normally considered as a tax to fund pensions) and Income tax on dividends. The aim of the increases are to raise about £36 billion over three years, which is […]

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03-09-2021 Claudia
End of the Stamp Duty Holiday

As part of the measures to support the economy during the COVID 19 pandemic, the Chancellor of the Exchequer introduced a Stamp Duty Holiday. This effectively suspended or reduced (depending on the value of the house purchase) Stamp Duty on house purchases. The holiday began on July 8th 2020, and is due to end on […]

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03-09-2021 Claudia
Residential Freehold vs Long Leasehold – what’s the difference?

Many of our clients have asked us to explain the difference between “freehold” and “long leasehold” interests in properties. In essence, if you buy a UK residential property freehold, you own the building, including the land it’s built on. If you buy a residential property leasehold, it’s slightly different – you don’t actually own the land or building, you just have the right to use […]

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