Visit our dedicated Shared Appreciated Mortgage page If you have any questions about Shared Appreciated Mortgages (SAMs), you may find the answer on this page. Once billed by the Banks as one of the best and most generous retirement mortgages on the market, SAMs offered customers the opportunity to release up to 25% of the value of their property. The [...]
Future Fund Scheme The uncertainty brought on by the COVID-19 pandemic, which in turn resulted in a corresponding economic downturn, has had a serious detrimental effect on many businesses across the country. This state of affairs led to the introduction of a series of financial measures by the UK Government with the aim of helping businesses to survive through this [...]
HMRC change of policy on SDLT on certain acquisitions of mixed-use property HMRC has clarified its position that the higher rates of Stamp Duty Land Tax (often referred to as the 3% surcharge) do not apply to the residential element of an acquisition of mixed-use property where a claim to multiple dwellings relief is also made. The way the complex [...]
Employer Q&A: Further Guidance on the Coronavirus Job Retention Scheme Following on from the Chancellor’s announcement earlier this month to extend the Coronavirus Job Retention Scheme (CJRS) (also known as the furlough scheme), the full guidance setting out details on making claims under the extended CJRS has been released. If anyone has any questions after reading the Q&A below, [...]
Employment Law Update – Furlough Scheme Extended The Chancellor, Rishi Sunak, has confirmed that the Coronavirus Job Retention Scheme (CJRS) (also known as the furlough scheme) will be further extended until the end of March 2021. The Chancellor had previously confirmed that the furlough scheme would continue to be temporarily available during England’s national lockdown which is set to be [...]
New Statement of Changes to the Immigration Rules The Home Office recently published their long-awaited Statement of Changes which sets out the changes to the Immigration Rules which are to be implemented post-Brexit. The various changes are summarised below. Many of the changes will take effect between 1 December 2020 and 1 January 2021 and will subject EEA nationals and [...]
Employment Law Update - Extension of the Coronavirus Job Retention scheme With the government’s announcement of another national lockdown came the news that the Coronavirus Job Retention scheme (CJRS), also known as the furlough scheme, will continue to be available to employers during the period of lockdown. It is anticipated that England’s lockdown will last for four weeks starting on [...]
Employment Law Update - the JSS Open Yesterday, 22 October 2020, the Chancellor announced changes to the original Job Support Scheme (JSS) (further details here) . This scheme will from now be known as the JSS Open. The changes were announced following a very poor response from businesses in Tier 2 who are already suffering from a decline in business [...]
Frequently Asked Questions about: Stamp Duty Land Tax – surcharge for non-residents Raising taxes on property has been an easy target for the government for a number of years. Aside from increasing the scope of capital gains taxes on property, particularly on non-residents, the 3% surcharge for second properties was one of a number of changes aimed at specifically increasing [...]
Employment Law Update – Details on the Job Retention Bonus A new Treasury Direction was published on 1 October 2020, providing further details on the Coronavirus Job Retention Scheme (Job Retention) Bonus (the Job Retention Bonus). The Job Retention Bonus The Job Retention Bonus, which is described is an incentive to retain staff, is a one-off taxable bonus of £1,000 [...]
