DACH

sharing knowledge & expertise

DACH Real Estate is a platform for German-British exchange in the building and construction industry.  The platform is set up and managed by leading accountants, lawyers, architects and project managers in Germany and the UK and aims to provide professional advice for real estate investment, construction work and project management in the UK, Germany, Austria and Switzerland.

Brexit for business

Brexit for business

The United Kingdom continues to be a member of the EU as well as the Common Market and the Customs Union. This situation will persist at least until the end of March 2019, i.e. the end of the two year negotiation period stipulated by Article…

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Interest rates rise puts pressure on the Government to reform SDLT regime

Interest rates rise puts pressure on the Government to reform SDLT regime

Die Erhöhung der Leitzinsen trifft besonders die Erstkäufer von Wohnimmobilien am stärksten und erhöht den Druck auf die Regierung, die Grunderwerbsteuer für Erstkäufer zu reformieren.

The interest rate rise will largely hit first time buyers and people moving home with increased borrowing costs, putting pressure on the Government to reform SDLT in the Budget on 22 November, says Blick Rothenberg.

In a largely expected move, the official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007, but putting it back to the level it was in summer 2016. Some banks had already started to increase the rates they were…

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Government’s tax take is up by 7.22%

Government’s tax take is up by 7.22%

Die britische Finanzverwaltung HM Revenue & Customs hat einen Anstieg des Steueraufkommens um 7,22% vermeldet, was einem Anstief von £39,3 Milliarden gleich kommt.  Das höhere Steueraufkommen wurde durch alle Steuerarten erreicht (Einkommen- und Unternehmensteuer, Sozialversicherung, Grunderwerbsteuer und Umsatzsteuer)

HM Revenue & Customs’ (“HMRC”) tax statistics revealed a 7.22% overall increase, equivalent to £39.3 billion, in its receipts over the last 12 months with all the main taxes (income/corporate/National Insurance Contribution/Stamp Duty Land Tax (“SDLT”)/Value Added Tax) contributing to the rise, says Blick Rothenberg.

Commenting on the statistics, released today, Paul Haywood-Schiefer, assistant manager at Blick Rothenberg, said, “Whilst inflation has hit 3% over the last 12 months, the total tax take has increased by 7.22% in the same period, buoyed by a 19.13% increase in corporation tax which…

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3% SDLT surcharge raises extra £2 billion in tax for the Government

3% SDLT surcharge raises extra £2 billion in tax for the Government

Bei der gleichen Anzahl von Immobilientransaktionen nimmt der britische Staat durch eine 3%-ige Erhöhung rund £2 Milliarden mehr Grunderwerbsteuer ein.

For the same number of property transactions as two years ago, the Government has racked up an extra £2 billion in Stamp Duty Land Tax (“SDLT”) thanks to the 3% surcharge on additional residential properties.

For the same number of property transactions as two years ago, the Government has racked up an extra £2 billion in Stamp Duty Land Tax ("SDLT") thanks to the 3% surcharge on additional residential properties. The latest statistics released by HMRC to 31 July 2017…

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