The threshold for Land Transaction Tax (LTT) increased from £180,000 to £225,000 from 10 October 2022. Properties costing between £225,000 and £400,000 are subject to a rate of six per cent. The remaining rates are unchanged, with the next £350,000 subject to a rate of 7.5 per cent, the next £300,000 being charged at 10…

In his mini-Budget, former Chancellor Kwasi Kwarteng announced plans for Tax-Free Investment Zones across England. The Government says these new economic zones will drive growth by lowering taxes and freeing up planning to encourage development and business investment. What are the benefits? These zones will offer a number of advantages to the businesses that choose…

Businesses now have less than half a year left to make use of the opportunities available to incorporate businesses under the super-deduction capital allowance. This Corporation Tax relief operates similarly to previous capital allowance schemes, helping companies to invest in new qualifying plant and machinery, but is perhaps more generous than any other scheme that…

Much of the former Chancellor’s mini-Budget has now been repealed, but one ‘rabbit from the hat’ has been retained. In his speech on 23 September, Kwasi Kwarteng set out major changes to the thresholds for Stamp Duty Land Tax (SDLT), which have been retained by the incoming Chancellor Jeremy Hunt. Put simply, the thresholds for…

R&D tax reliefs have supported hundreds of thousands of businesses to invest in innovation by cutting the amount of tax that they pay. However, from 1 April next year, there will be several changes to the rules surrounding R&D, which could affect how much relief you can claim. Expand eligible expenditure to data sets, cloud…