Yearly Archives: 2013

In the distant past Government supported home buying by offering tax incentives. It has been some years now since UK taxpayers could obtain tax relief for mortgage interest payments. The MIRAS arrangement, where tax relief at the basic rate was deducted from mortgage interest payments by the lender, was the last and fading effort at stimulating home buying in this Continue Reading

A new Childcare Scheme will be introduced to support working families with their childcare costs and will replace the current salary sacrifice scheme. Unlike its predecessor, the new scheme will be available to the self-employed and those on a minimum wage. Also parents will be able to choose their own voucher provider, as the new system will not be administered by Continue Reading

The Government is to introduce an allowance of £2,000 per year for all businesses and charities to be offset against their employer Class 1 secondary NICs’ bill from April 2014. The allowance will be claimed as part of the normal payroll process. The Government will engage with stakeholders on the implementation of the measure after Budget 2013 and is seeking Continue Reading

PERSONAL Help for home buyers Two schemes are available. Help to buy: equity loan This scheme will run for three years from 1 April 2013 and is proposed to provide £3.5bn of additional investment. • The scheme will apply to new builds only• All house buyers can apply – this scheme is not restricted to first-time buyers.• Buyers will need a minimum deposit Continue Reading