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Claim Your Property Stamp Duty Land Tax Refund Now
In this series I have explored the details of the stamp duty land tax (SDLT) landscape and how one in four property purchasers overpay their dues. If you bought a property of any kind in the last four years, then you may have overpaid your SDLT and be entitled to a refund from HMRC. Often referred to as Stamp Duty, Stamp Duty Land Tax (SDLT) is a self-assessed tax paid by buyers of property in the UK. The amount paid is based on the value of the property, as well as other, less well known factors.
Stamp Duty Land Tax Series - Some finer detail on your potential stamp duty refund
Last time we looked at the stamp duty land tax (SDLT) situation from an overall perspective. Every property sold in the UK for more than £40,000 has to be reported to HMRC to assess any SDLT payable and whether payment is due or has been made. We looked at some examples of sales at different price levels and how SDLT is calculated during the current holiday and then how it will be calculated when things revert back to normal. The holiday exempts SDLT from any properties purchased for less than £500,000
Stamp Duty Land Tax Series - Bought a property recently? Would You Like a Stamp Duty Refund?
When you purchase a property in the UK there is stamp duty payable to HMRC. Rates are published on their website and, on the face of things, it seems a simple and easy calculation followed by the painful payment process.What you are probably unaware of is that there are a number of reliefs which can be claimed which will reduce the stamp duty burden. Known officially as stamp duty land tax (SDLT) this is a tax which was introduced by the government in December 2003. Current rates, valid until 31 March,
Doing Business in the Far East – an Overview
During this brief series of articles I have looked at the possibilities of expanding your business into the Far East and some of the basic aspects of transition you will need to deal with. There are exciting opportunities ahead if you start looking at the possibilities. However, you can be quickly daunted by these and the unexplained complications which you will face. Your target market countries will vary with the type of business you are concerned with. Some jurisdictions are more difficult to
Business Expansion into Asia - Part 5
The Language of Doing Business in the Far East Thus far in this initial series we have glimpsed at many aspects of conducting business in the Far East. There are numerous challenges and each one is really an opportunity. It is often very daunting to encompass all the different aspects which must be understood and considered into an overall process. Some potential business expansions stop without attempting the jump over the first hurdle. They find it too daunting. Other adventurous types trudge on and
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Business Expansion into Asia - Part 4
In this series I have previously discussed marketing studies, fears, corporate structures, licensing, operations, tax considerations and local set up matters in thrusting your business into the Far East. The geography of where you may establish will depend on a number of things and I have also considered these. One of the most overlooked aspects, which are critical to your success, is how you operate within the culture of your chosen location. Culture of Government and formalities required is a start
Business Expansion into Asia - Part 3
Continuing Your Expansion into the Far East Continuing the discussion from the two previous articles, we looked at the legalities of operations in various countries and the fact that they may be limited. Also an overall tax planning exercise needs to be undertaken to ensure that the corporate structure is the most tax efficient for your business. Having chosen a country in which to operate we then need to look at the licencing requirements for that jurisdiction and how to structure the corporate
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Business Expansion into Asia - Part 2
How to Start Your Expansion into the Far EastLast time I discussed the overall concept of starting business expansion into the Far East. I raised the fact that there are many exciting opportunities but that many business owners have a fear of the possibility and do not know where to begin. Market research is required and location is key as there are restrictions in some countries but not in others. Jumping in with both feet is daunting and yet it is difficult to just test the water with a toe. If you
Business Expansion into Asia - Part 1
Taking your business to the far eastLots of business managers and owners have a desire to expand into the tantalising potentially lucrative markets in Asia. This prospect is likely to become even more popular now that we are no longer a part of the EU. Are you one of these ambitious business participants? So what holds you back? In many instances it is a fear of the unknown and a reluctance to take risks and endanger the ongoing base business at home. This is understandable. If you had some practical