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The UK government has introduced a higher Stamp Duty Land Tax (SDLT) rate on second homes to regulate the housing market and generate additional revenue. If you’re considering purchasing an additional property, it’s essential to understand how this surcharge works. Here’s a detailed Q&A to help you navigate the 5% SDLT on second homes. What…
Owning an empty property in the UK will become significantly more expensive. The government has introduced new council tax rules that could see homeowners paying up to 300% extra for vacant homes. If you have an unoccupied property, it’s essential to understand these changes and how they may impact your finances. What Are the New…
Navigating residential property tax can feel complex, especially with changing rules and numerous scenarios. Below are answers to 12 frequently asked questions to help you better understand this topic. What Expenses Can I Offset Against Rental Income? Landlords can offset revenue expenses like maintenance, repairs, insurance, and agent fees against rental income. However, mortgage interest…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
