We are saddened by the recent death of Len. He started working for Burgess & Burgess in London in 1953 and was made Senior Partner in 71. With Len’s guidance and leadership the firm grew substantially and continues to grow today, with currently 19 Partners and over 150 Staff.
The KM gives a brief glimpse to the man that he was.Read More
In recent years there have been various tax measures – such as restrictions on the tax deduction for mortgage interest or increased SDLT rates – that have worsened the tax position regarding investment properties. A further raft of changes are due to take effect from 5 April 2020 – that may mean that some tax payers consider that now is a good time to sell investment properties.
The changes due to take place from April 2020 include adjustments to what is known as ‘Lettings Relief’, a restriction on the periods qualifying for Principal Private Residence Relief and a change in the tax payment dates.
Here we review the potential impact of these changes by way of a case study based on an illustrative property purchase. (more…)Read More
Recent months have seen significant changes to the VAT system in the UK with the introduction of Making Tax Digital (MTD) and further changes are due to be implemented later in the year including a new domestic reverse charge system for the construction sector.
The new Making Tax Digital regime is however intended to be only an initial staging point on towards the transformation of the VAT system through the use of digital technology.
The next step? Transactional Data through MTD Filings
The logical next step will be an extension of MTD to include transactional data. Currently MTD filings include only the numerical entries from the nine boxes on the VAT return but a relatively straightforward addition is likely to be the submission of transactional data in MTD filings. This would, potentially, allow HMRC to review individual transactions through MTD filings.
The main challenge here for HMRC will be developing the ability to process huge volumes of transactional data. (more…)Read More
Later this year changes to the VAT system will come into effect that will have an impact on many businesses operating in the construction sector. These changes will add an additional layer of complexity to the already complex system of VAT in the construction sector. Here we look in more detail at how these changes will work.Read More
Burgess Hodgson are delighted to once again be at the East Kent Ploughing Match.
Join us on Wednesday 25th September 2019, from noon onwards for delicious canapes by Mama Feel Goods and drinks by Alberry’s Wine Bar.
J Weir & Sons and Ledger Farms Ltd at West Court Farm, Shepherdswell, CT15 5PZ
For further details and admissions please visit www.ekpma.co.ukRead More
Burgess Hodgson will be running a Property Seminar on Wednesday 18th September 2019 at the Cathedral Lodge, The Precincts, Canterbury, Kent, CT1 2EH.
Registration will start at 7.30am with breakfast & refreshments. The presentation will begin at 8am and finish at 10am.
For more details or if you would like to attend please email us at: firstname.lastname@example.orgRead More
Burgess Hodgson are proud to be sponsoring Curtis Stigers’ concert playing at St. Edmund’s Festival 2019.
Curtis Stigers will play on Wednesday 26th June, the exciting first night of the week long festival, at 7.30pm.
For information please visit: www.stedmundsfestival.org.ukRead More