News

In a change that will impact residential landlords, the amount of income tax relief available on residential property finance costs will be restricted to the basic rate of income tax. This change will mean that landlords will no longer be able to deduct all of their finance costs from their property income. They will instead receive a basic rate reduction from their income tax ...

Tax

HMRC have introduced an online service to apply for a repayment of the higher rates of Stamp Duty Land Tax (SDLT) for additional properties if the property sold was previously a main home.  From 1 April 2016 higher rates of SDLT are charged on purchases of additional residential properties.  The main target of the higher rates is purchases of buy to let properties or second ho ...

Tax

Tax campaigners have warned that the abolition of Class 2 National Insurance contributions from April 2018 could result in the lowest earners among the self-employed being hardest hit. Class 2 NICs are flat-rate weekly contributions paid by the self-employed to gain access to contributory benefits. The self-employed also pay Class 4 NICs on profits above the Lower Profits Limi ...

Tax

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Ward Williams Ltd has agreed to sponsor the youth section of Sunbury & Walton Hawks Hockey Club over the next three years.Ward Williams Chairman, Richard Hayward said:  “We wanted to support youth sport in the local community and the sponsorship of the youth section of Sunbury & Walton Hawks Hockey Club was an ideal opportunity to do this. I have seen how committed both ...