Griffiths Allen Limited was founded in 2016 to assist the conveyancing profession, or those professionals involved in property transactions, with their Stamp Duty Land Tax (SDLT) and Annual Tax on Enveloped Dwellings (ATED) compliance obligations. The company also specialises in SDLT and ATED planning and advisory projects across both residential and commercial sectors.
Stephen is a director of the company and has an honours degree in Accounting & Finance and has been a member of the Association of Taxation Technicians (ATT) and the Chartered Institute of Taxation (CIOT) since 1996. He was also a member of the Institute of Indirect Taxation (IIT) before its merger with the CIOT.
11th July 2017 Here's an example of the questions we are asked:
Question 'I have a holiday home in Cornwall and my main home in London. I am in the process of selling my main residence and purchasing a new one. I may not be able to sell my current main residence before I complete on the purchase of the new one - will I have to pay the higher rates?
Response Yes, the higher rates will apply, as following the purchase of your new property you will own an additional residential property and will not have replaced your main residence. However, if you sell your current main residence within 3 years of the purchase of the new one you will be able to claim a refund from Hl\lIRC.
2nd June 2017 We are one of the sponsors at The Conveyancing Conference and Awards, being held on Wednesday, 20th September 2017 at the NEC in Birmingham..More information will follow as the event gets closer.
2nd May 2017 It's getting very close now. We are on Stand 791 at AccountEx, the National Accountancy Exhibition and Conference being held at the Excel Centre, London, next Wednesday and Thursday (10th and 11th May 2017). Come and say hello. You may even get one of our specially produced mousemats.
1st April 2017 Come and meet us on Stand 791 at AccountEx, the National Accountancy Exhibition and Conference being held at the Excel Centre, London, on 10th and 11th May 2017.
7th February 2017 Hike hitting London prime property sales. Supplied by www.cchdaily.co.uk.
Higher rates of stamp duty land tax (SDLT) have had a bigger impact on high-end central London house prices than concerns over Brexit, according to analysis by estate agency Knight Frank which points to a continuing plateau in values
Its latest prime central London price index recorded an annual decline of 6.7% in January, with the agency forecasting a ‘relatively flat’ market in terms of price recovery in 2017.
According to Knight Frank’s statistics, house prices in Chelsea dropped 13.3% year-on-year in January, and there were marked falls in the neighbouring upmarket boroughs of Kensington (11.9%), South Kensington (8.2%) and Notting Hill (9.8%).
The analysis notes: ‘While Brexit and Donald Trump dominate the wider political and economic landscape, it would be wrong to overstate their impact on the prime London property market. Higher rates of stamp duty is still a bigger issue than the prospect of article 50 being triggered in March.’
However, the statistics show the number of Knight Frank exchanges in January was higher than in the same month in the previous two years and was comfortably ahead of the ten-year average for January, whereas the number of exchanges between January and September 2016 was 20.6% down on the same period in 2015.
The agency’s analysis suggests the primary driver for this trend is the fact vendors are increasingly reflecting higher transaction costs in their asking prices, which is narrowing the gap with buyer expectations.
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