Multiple Dwellings Relief (MDR) to be abolished
Written by Tax Partner, Thomas Adcock The Stamp Duty Land Tax (SDLT) relief know as Multiple Dwellings Relief (MDR) will be removed for completions taking place after 1 June 2024. Currently, where multiple properties are purchased at the same time, MDR applies to reduce the rate of SDLT payable. Property transactions with contracts which […]
Taxation of known non-domiciled individuals to be reformed
Written by Tax Partner, Thomas Adcock In yesterday’s 2024 Spring Budget, the Chancellor announced that the regime for taxing individuals who are not domiciled or deemed domiciled in the UK will be reformed from 6 April 2025, with transitional reliefs during 2025/6 and 2026/7. Currently, individuals who are not UK domiciled and who have been […]
Preparing accounts under FRS 102? Your step by step guide to be ready for these compulsory changes, starting 1 January 2026.
We invite you to join us and James Lole, Gravita’s Technical and Compliance Partner, and Paul Woosey, Gravita’s Audit Partner, at our webinar, Preparing accounts under FRS 102?, on Wednesday 5th March 2025. Entities which prepare their financial statements under FRS 102 will see significant changes from 1 January 2026, and it is their responsibility […]