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Stamp Duty Land Tax (SDLT) is charged at different rates depending on the purchased property type. Residential properties are taxed at residential rates, while non-residential or mixed-use properties attract non-residential rates. For a property to qualify for residential rates, it must either be currently used as a dwelling, suitable for use as a dwelling, or
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Starting a new business often requires financial support in the form of loans. These loans are typically used to purchase stock, make initial rent payments, or cover deposits. However, whether the business is set up as a sole trader or a company will significantly influence when interest on pre-trading loans becomes tax-deductible. Here’s how it
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