Mixed-use home-owners should ‘expect greater scrutiny from HMRC in all SDLT claims’, warns accountant
A pudding entrepreneur has landed a significant Stamp Duty bill after a 'misguided' attempt at a refund based on mixed-use rather than residential rates for a country home. It's 'a sticky mess', says accountancy firm Hillier Hopkins, that should serve as a warning to other landed home-owners tempted by the 'aggressive claims' 0f some tax refund agents.
Natasha is a member of the ICAEW as a qualified auditor and the Chartered Institute of Taxation, specialising in indirect taxes. Natasha has developed a specialism as an adviser on the Stamp Duty Land Tax implications of property transactions.
Required Reading: The Budget 2021 for HNWIs & business owners
The team at law firm Mishcon de Reya has trawled through HM Treasury's Budget documents to come up with this digest of the key points for business owners and wealthy individuals...
What real impact would a public register of beneficial owners have on the UK property sector?
The new draft Bill promises more transparency in the UK property industry, but will it cause headaches for estate agents, solicitors and developers - and will it put off overseas investors?
By PrimeResi
Required Reading: The VAT reverse charge for building & construction services
A major change to the way VAT is collected in the building and construction industry comes into play on 1st October 2019 [delayed to 2020].
By Kate Garcia
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Lai among senior hires as UK Sotheby’s bolsters PCL line-up
Brokerage's recruitment drive continues as top-end operators join from firms including YOUhome and Chestertons.
In Pictures: Soho House founder’s private Scottish island hits the market with £10mn eco-lodge plans
Inchconnachan has been listed for sale at £3mn as-is, or at £10mn for a turn-key luxury retreat delivered under the 'direction & vision' of hospitality maven Nick Jones.
By PrimeResi
‘Absolutely brutal pricing’ now the only way to get activity, says top PCL agent
Winkworth flags 'major reset' as market adjusts to a new reality.
Knight Frank notches up £173mn of prime country sales in Q1
Correctly priced homes are still attracting competitive interest despite an uncertain backdrop, says agency.
Jo Eccles: Overconfidence is costing buyers in the core market
Eccord's MD runs through three key themes in the PCL market this month, including a disconnect between buyer expectations and reality - and why it's becoming harder to correctly interpret pricing.
By Jo Eccles
Interview: Knight Frank’s Peter Mayo on the changing role of auctions in the prime market
Agency's auctioneer and partner discusses outdated misconceptions, unusual lots and why more discretionary sellers are turning to the gavel.
Knightsbridge townhouse with Royal connections & Versailles-inspired interiors seeks £8.25mn
Selling agents say this former sculptors' studio 'has the potential to be one of the finest residences in Knightsbridge.'
By PrimeResi
‘This is not the time to put on a brave face’: London property advisor urges financial candour from homeowners
Farnaz Fazaipour has some advice for HNW home-owners who 'bought into the hype cycles' of 2005, 2007 & 2014.
By PrimeResi
Landlord exodus ‘overestimated’ says property portal as major rental reforms come into play
Yet data from both OnTheMarket and Savills confirm a clear rise in sales of former rental homes.
By PrimeResi
‘Luxury assets may be about to turn a corner’ – Knight Frank
The global luxury investment market appears to be stabilising after a 'volatile decade' for art, wine, jewels and the like.
By PrimeResi
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Luxury hospitality brand teams up with 185-acre English country estate for hotel, members club and residential concept.
By PrimeResi
Coutts flags ‘deep value’ in PCL heartlands as discounts hit seven-year highs
King’s bank points clients towards historic neighbourhoods still trading more than 20% below peak, as performance continues to diverge across the prime postcodes.
£23.5mn price tag for SHH-designed Little Venice villa
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Park Lord brings in ex-JLL & Foxtons duo
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