Stamp Duty holiday ends, long live tax on property buyers!
Wednesday 30 June is the deadline for most European Union (EU) citizens to apply to live permanently in the UK as settled residents.

The Stamp Duty exemption for homebuyers paying tax on properties which cost £250,000 or less is coming to an end, much to my solicitor’s relief! He will need a real holiday!

Wales temporarily raised its threshold for land transaction tax (LTT) during the pandemic from £180,000 to £250,000, in line with other UK governments.

The exemption, originally to March 2021, was extended to 30 June.

Some homebuyers have saved thousands by completing sales within the deadline, but others are set to miss out for various reasons including legal or mortgage delays.

From 1 July, stamp duty will be charged above £250,000 at the following rates:
£0-£250,000 = 0%
£250,001-£925,000 = 5%
£925,001-£1,500,000 = 10%
£1,500,000+ = 12%

On 1 October 2021, rates are due to return to normal. That means the point you to start paying stamp duty will revert to £125,001:
£0-£125,000 = 0%
£125,001-£250,000 = 2%
£250,001-£925,000 = 5%
£925,000-£1,500,000 = 10%
£1,500,000+ = 12%

You can use the government's Stamp Duty Land Tax (SDLT) calculator to find out how much you would pay.

Will there be a slump in the market? 

In truth, nobody really knows when the property, or stock market, will peak, but we do know that bull runs usually last 10-12 years and we have already passed that deadline. Governments around the world printing trillions of dollars have prevented a slump and recession, so far. An estate agent friend of mine, who has just had her best quarter ever, said she is concerned that people who wanted to buy this year have done so already.

EU Settlement Scheme Deadline

The take-up of the European Union Settlement Scheme (EUSS) has been huge - but there are serious concerns that thousands of people have still not sought to register. Anyone who is not registered loses their legal right to live in the UK.

What is the EU Settlement Scheme?

The EUSS was launched in March 2019 to register EU citizens as settled residents in the UK.

This is a follow-on from Brexit, which ended freedom of movement and the right of people from the EU to come to the UK - and for UK citizens to go the other way.

More details - https://how2cometotheuk.blogspot.com/2021/06/eu-settlement-deadline-30-june-2021-how.html

By the end of May 2021, 5.6 million people had applied for the scheme - far more than expected (it was estimated in March 2019 that there were 3.7m EU nationals in the UK).

How will this affect UK residents?

The BBC reports that a shortage of skilled trade workers has developed as European Union migrants leave the UK and demand for home improvements rises, according to the founder of Homeserve.

Chief executive Richard Harpin said the shortages were "pretty bad" across the country, not just in construction but in other trades too. He wants the government to put more trades on its jobs shortage list. 

The hospitality sector is also experiencing staff shortages, so you might have to wait a little longer for your latte.

In the long run, importing cheap labour does not help the economy and we should be investing in more training to upskill the resident workforce, especially if they are unemployed and drawing benefits. 

The laws of supply and demand dictate that when there is a shortage, prices rise. We will all be paying more for trades people, and the price of materials has also shot up.

It has become almost impossible to find handymen, plumbers, builders, electricians and other workers since the lockdown when thousands of EU workers handed back the keys to their landlords and flew home. With so many people moving, everyone is busy, which is exactly what the government wanted to achieve with the stimulus.

Would you like to get into property, but have no money or don’t know how?

Learn Multiple Streams Of Property Income AT Free Event 2– 4 July

The UK’s Brightest Property Experts Will Share In-depth, Practical Knowledge Of Buy-to-let Properties, Raising Finance And How To Build A Mighty Portfolio From The Ground Up.

Register HERE FREE LIVE TRAINING- - https://bit.ly/3hmHnFX

At the Multiple Streams of Property Income event we reveal the many ways you can quickly make large sums of money and secure your financial future. Our skilled trainers will reveal proven, successful methods for you to cash in on right now, even if you have no previous experience and little to no finance. Our trainers have all ‘been there, done that’ and you can relax in the certainty that you are getting the expert help you deserve! Your just need to take that first step...

What You Can Expect At The Multiple Streams Of Property Income Event
Multiple proven investing strategies
You will be guided through the most effective cashflow and equity growth strategies that are working right now in 2021
Learn how to get UNLIMITED finance to build your portfolio (hint: you can do this WITHOUT using either a mortgage company OR a bank)
You’ll hear from other property investors who are experts in buy-to-let, property trading, raising finance and other ways of building a property portfolio from scratch into a multi-million pound business

Benefits of MSOPI
Earn 10x the income with only 10% of your personal time
By the end of the event you will have a clear strategy to start or add to your cashflowing property portfolio.
Make new connections that will last a lifetime including potential JV partners
Learn how to make more money from ONE simple property deal than you make in 6 months of paid work.

Register HERE - - https://bit.ly/3hmHnFX
Speaker Line-up

Kevin McDonnell | Rent-To-Rent Property Investing Expert & Author of the Bestselling Book No-Money-Down Property Investing

Kevin Poneskis |Serviced Accommodation Property Investing Expert, Over 28 Years of Property Investing Experience

David Siegler | Property Deal Sourcing & Packaging Expert, Over 15 Years of Property Investing Experience

Toni Gargan | Business & Property Investing Expert, Over 5 Years in Property Investing Education

Register HERE for this FREE Training

FOLLOW LINK TO JOIN - https://bit.ly/3hmHnFX

If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.  

I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GY

 

<ul>
<li aria-level="1">Stamp Duty holiday ends, long live tax on property buyers!</li>
</ul>
<ul>
<li aria-level="1">Wednesday 30 June is the deadline for most European Union (EU) citizens to apply to live permanently in the UK as settled residents.</li>
</ul>
The Stamp Duty exemption for homebuyers paying tax on properties which cost &pound;250,000 or less is coming to an end, much to my solicitor&rsquo;s relief! He will need a real holiday!
Wales temporarily raised its threshold for land transaction tax (LTT) during the pandemic from &pound;180,000 to &pound;250,000, in line with other UK governments.
The exemption, originally to March 2021, was extended to 30 June.
Some homebuyers have saved thousands by completing sales within the deadline, but others are set to miss out for various reasons including legal or mortgage delays.
From 1 July, stamp duty will be charged above &pound;250,000 at the following rates:
<ul>
<li aria-level="1">&pound;0-&pound;250,000 = 0%</li>
<li aria-level="1">&pound;250,001-&pound;925,000 = 5%</li>
<li aria-level="1">&pound;925,001-&pound;1,500,000 = 10%</li>
<li aria-level="1">&pound;1,500,000+ = 12%</li>
</ul>
On 1 October 2021, rates are due to return to normal. That means the point you to start paying stamp duty will revert to &pound;125,001:
<ul>
<li aria-level="1">&pound;0-&pound;125,000 = 0%</li>
<li aria-level="1">&pound;125,001-&pound;250,000 = 2%</li>
<li aria-level="1">&pound;250,001-&pound;925,000 = 5%</li>
<li aria-level="1">&pound;925,000-&pound;1,500,000 = 10%</li>
<li aria-level="1">&pound;1,500,000+ = 12%</li>
</ul>
You can use the government's&nbsp;<a href="https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro">Stamp Duty Land Tax (SDLT) calculator</a>&nbsp;to find out how much you would pay.
Will there be a slump in the market?&nbsp;
In truth, nobody really knows when the property, or stock market, will peak, but we do know that bull runs usually last 10-12 years and we have already passed that deadline. Governments around the world printing trillions of dollars have prevented a slump and recession, so far. An estate agent friend of mine, who has just had her best quarter ever, said she is concerned that people who wanted to buy this year have done so already.
EU Settlement Scheme Deadline
The take-up of the European Union Settlement Scheme (EUSS) has been huge - but there are serious concerns that thousands of people have still not sought to register. Anyone who is not registered loses their legal right to live in the UK.
What is the EU Settlement Scheme?
The EUSS was launched in March 2019 to register <a href="https://how2cometotheuk.blogspot.com/2021/06/eu-settlement-deadline-30-june-2021-how.html">EU citizens as settled residents in the UK</a>.
This is a follow-on from Brexit, which ended freedom of movement and the right of people from the EU to come to the UK - and for UK citizens to go the other way.
More details - <a href="https://how2cometotheuk.blogspot.com/2021/06/eu-settlement-deadline-30-june-2021-how.html">https://how2cometotheuk.blogspot.com/2021/06/eu-settlement-deadline-30-june-2021-how.html</a>
By the end of May 2021, 5.6 million people had applied for the scheme - far more than expected (it was estimated in March 2019 that there were 3.7m EU nationals in the UK).
How will this affect UK residents?
The BBC reports that a shortage of skilled trade workers has developed as European Union migrants leave the UK and demand for home improvements rises, according to the founder of Homeserve.
Chief executive Richard Harpin said the shortages were "pretty bad" across the country, not just in construction but in other trades too. He wants the government to put more trades on its&nbsp;<a href="https://www.gov.uk/government/publications/skilled-worker-visa-shortage-occupations">jobs shortage list</a>.&nbsp;
The hospitality sector is also experiencing staff shortages, so you might have to wait a little longer for your latte.
In the long run, importing cheap labour does not help the economy and we should be investing in more training to upskill the resident workforce, especially if they are unemployed and drawing benefits.&nbsp;
The laws of supply and demand dictate that when there is a shortage, prices rise. We will all be paying more for trades people, and the price of materials has also shot up.
It has become almost impossible to find handymen, plumbers, builders, electricians and other workers since the lockdown when thousands of EU workers handed back the keys to their landlords and flew home. With so many people moving, everyone is busy, which is exactly what the government wanted to achieve with the stimulus.
Would you like to get into property, but have no money or don&rsquo;t know how?
Learn Multiple Streams Of Property Income AT Free Event 2 &ndash; 4 July
The UK&rsquo;s Brightest Property Experts Will Share In-depth, Practical Knowledge Of Buy-to-let Properties, Raising Finance And How To Build A Mighty Portfolio From The Ground Up.
Register <a href="https://progressiveproperty.online/live-multiple-streams-of-property-income-interest/AMB0427">HERE</a> FREE LIVE TRAINING- - <a href="https://bit.ly/3hmHnFX">https://bit.ly/3hmHnFX</a>
At the&nbsp;Multiple Streams of Property Income&nbsp;event we reveal the many ways you can quickly make large sums of money and secure your financial future. Our skilled trainers will reveal proven, successful methods for you to cash in on right now, even if you have no previous experience and little to no finance. Our trainers have all &lsquo;been there, done that&rsquo; and you can relax in the certainty that you are getting the expert help you deserve! Your just need to take that first step...
What You Can Expect At The Multiple Streams Of Property Income Event
<ul>
<li aria-level="1">Multiple proven investing strategies</li>
<li aria-level="1">You will be guided through the most effective cashflow and equity growth strategies that are working right now in 2021</li>
<li aria-level="1">Learn how to get UNLIMITED finance to build your portfolio (hint: you can do this WITHOUT using either a mortgage company OR a bank)</li>
<li aria-level="1">You&rsquo;ll hear from other property investors who are experts in buy-to-let, property trading, raising finance and other ways of building a property portfolio from scratch into a multi-million pound business</li>
</ul>
Benefits of MSOPI
<ul>
<li aria-level="1">Earn 10x the income with only 10% of your personal time</li>
<li aria-level="1">By the end of the event you will have a clear strategy to start or add to your cashflowing property portfolio.</li>
<li aria-level="1">Make new connections that will last a lifetime including potential JV partners</li>
<li aria-level="1">Learn how to make more money from ONE simple property deal than you make in 6 months of paid work.</li>
</ul>
Register <a href="https://progressiveproperty.online/live-multiple-streams-of-property-income-interest/AMB0427">HERE</a> - - <a href="https://bit.ly/3hmHnFX">https://bit.ly/3hmHnFX</a> Speaker Line-up
Kevin McDonnell&nbsp;| Rent-To-Rent Property Investing Expert &amp; Author of the Bestselling Book No-Money-Down Property Investing
Kevin Poneskis&nbsp;|Serviced Accommodation Property Investing Expert, Over 28 Years of Property Investing Experience
David Siegler&nbsp;| Property Deal Sourcing &amp; Packaging Expert, Over 15 Years of Property Investing Experience
Toni Gargan&nbsp;| Business &amp; Property Investing Expert, Over 5 Years in Property Investing Education
Register <a href="https://progressiveproperty.online/live-multiple-streams-of-property-income-interest/AMB0427">HERE</a> for this FREE Training
FOLLOW LINK TO JOIN - <a href="https://bit.ly/3hmHnFX">https://bit.ly/3hmHnFX</a>
If you enjoyed this and found it helpful, please like and share with your friends and <a href="https://www.facebook.com/moneytipsdaily">follow me on social media</a> to give more people free value.&nbsp;&nbsp;
I&rsquo;m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL <a href="https://bit.ly/3zJ21GY">https://bit.ly/3zJ21GY</a>
&nbsp;

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.&nbsp; Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.&nbsp; Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. &nbsp; For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips Podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. 

Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. 

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.  

For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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