Contracts and Legalities
The cost of refurbishing a property or constructing a new build can be significant. However, tax relief is often available for certain expenditure on non-residential property.The term ‘non-residential property’ includes furnished holiday lets and staff accommodation. Here, Jodie Tarbin of Whiting & Partners explains more.
Those who buy below market value and improve properties to remortgage and recycle their cash are struggling to make the sums add up now that there’s a hefty 3% stamp duty land tax (SDLT) surcharge to pay. Have you considered the ways of saving on SDLT? Here, Philip Peters at Whiting & Partners explains more.