An SPV, Special Purpose Vehicle, is a standard limited company that has been set up purely to transact for one purpose or transaction. When you intend to purchase a property or land to build residential or commercial development, it is common for this to be bought in a newly registered company that has no liabilities
Construction Industry VAT changes From 1 March 2021, the responsibility for accounting for VAT on building works will shift up the supply chain to larger contractors. Building sub-contractors will no longer charge VAT to other businesses in the construction industry. Instead, their building customers will account for the VAT as both a purchase and sale
When do pay Stamp Duty? All property in the UK is subject to a land tax which normally paid by your solicitor once the completion has occurred and Land Registry has been notified. How much you pay in Stamp Duty is all dependent on how you buy the property and whether your buying as an
When you buy a home, you normally have to pay stamp duty tax on the purchase price. There are three different forms of land tax that apply in the UK and each has its own starting thresholds, rates and bands. One common element of all the UK stamp duty tax is the lowest threshold has
Merranti have assisted a client by raising £6 million in development finance for construction and unconditional purchase of land. Funding your new development can be a difficult task with the broker or bank requesting more and more information, not only about your project, they want your history to know that you are able to manage
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