Property Archives - Merranti Accounting

Furnished holiday lets

Furnished holiday lets

August 2, 2021

Landlords who let holiday accommodation have largely been left out of the covid-related business support. Where the property was registered for business rates, the owner qualified for some small local authority grants, but other landlords received nothing. Holiday letting businesses have also suffered from the various lock-downs that restricted travel across the country. This has

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Capital Gains Tax

Capital Gains Tax on sale of homes

July 16, 2021

When do I pay  Capital Gains Tax? The profit you make on selling a buy-to-let property or a second home is generally subject to capital gains tax (CGT). Also, you may have to pay some CGT on the profit you make from selling your main home if you have not lived in that property for

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Landlof tenant eviction Property accountant

When will Commercial Evictions start?

July 16, 2021

When will the Commercial Evictions Start again? There has been no rent holiday during the pandemic, but landlords have been barred from evicting tenants from commercial premises. This restriction will now remain in place until March 2022. In addition, the existing debts of unpaid rent accumulated during the pandemic will be ring-fenced, in order to

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Building site Special purpose vehicles Property accoutant

What is an SPV in Property?

March 16, 2021

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

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Construction Industry VAT changes

Construction Industry VAT changes

February 3, 2021

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

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When do pay Stamp Duty?

Land Tax / Stamp Duty Holiday

December 11, 2020

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

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Property - Merranti Accounting

Residential Stamp Duty Holidays.

November 5, 2020

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

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Development Finance Raised

April 2, 2014

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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