Blick Rothenberg

Blick Rothenberg in the Press

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  • 3% SDLT surcharge raises extra £2bn


    29.08.17

    Paul Haywood-Schiefer, assistant manager at Blick Rothenberg, said: "Although these are good results, the reality might be a little less spectacular.

    "In the summer of 2016 a significant number of individuals made their July tax payment late, resulting in over £1bn more collected in August 2016 than in August 2015. For the 2016/17 payments, it looks like individuals have been paying early with £888m more collected in June and July 2017 than was in the same months in the previous year."

    Source: CCH Daily
  • The taxman’s take on marriage – and on getting divorced


    29.08.17

    Suzanne Briggs, a director at Blick Rothenberg, the tax firm, said a divorce can provide an opportunity to transfer assets free of IHT liability, as if a court orders one spouse to place money into trust for the couple’s children, this initial transfer is not liable.

    Source: The Daily Telegraph
  • Landlords contribute most to extra revenue from additional homes stamp duty surcharge


    28.08.17

    "Some of this increase could relate to general property price increases, but it is likely that the majority relates to the changes from 01 April 2016, which added an additional 3% stamp duty for purchases of additional residential properties," said Robert Pullen, director at Blick Rothenberg. 

    Source: Property Wire
  • Stamp duty hike raises double what taxman predicted


    24.08.17

    Robert Pullen, director at Blick Rothenberg, said: “The Government will need to urgently consider whether the additional three per cent stamp duty policy is helping achieve fairness in the property market, or if it is creating more problems than it is solving.

    “The policy intention was always stated to be to realign the residential property market to make it fairer for first-time buyers. It is becoming clearer, however, that as prices continue to rise, the measure has succeeded only in generating extra tax for HMRC as well as a sluggish property market evidenced by the number of property transactions falling.”

    Source: The Daily Telegraph
  • New stamp duty charge on landlords and investors raises significantly more than expected


    24.08.17

    Robert Pullen, Director at Blick Rothenberg, said: "The Government will need to urgently consider whether the additional 3 per cent stamp duty policy is helping achieve fairness in the property market, or if it is creating more problems than it is solving.

    "The policy intention was always stated to be to realign the residential property market to make it fairer for first time buyers.

    "It is becoming clearer, however, that as prices continue to rise the measure has succeeded only in generating extra tax for HMRC as well as a sluggish property market, evidenced by the number of property transactions falling."

    Source: The Independent
  • Taxman gains extra £2bn from stamp duty in last year


    23.08.17

    Robert Pullen, director at Blick Rothenberg, says that some of the increase is down to general property price increases, but says it is likely that the majority relates to stamp duty changes.

    Mr Pullen adds: "The policy intention was always stated to be to realign the residential property market to make it fairer for first time buyers.

    "It is becoming clearer, however, that as prices continue to rise the measure has succeeded only in generating extra tax for HMRC as well as a sluggish property market evidenced by the number of property transactions falling."

    Source: Mail Online
  • Levy concern


    22.08.17

    Mark Hart, partner at Blick Rothenberg, said: "It may come as a surprise, but even small schools that one would expect to have staff costs below £3m incur the levy. This is because teaching and support staff are employed by the local authority, which will have a large payroll bill."

    Source: South Wales Argus
  • Give tax efficiently: Shares or cash?


    17.08.17

    Robert Pullen, Director at Blick Rothenberg, explained: "The most common method of charitable giving in the U.K. is a gift of cash. Providing the individual has paid enough income tax or capital gains tax, they are able to ‘gift aid' the donation so that the charity can claim back an additional 25% of the donated amount."

    "This additional amount from the gift aid declaration also benefits the taxpayer who has made the donation. Once the individual has made the gift aid declaration, they are able to claim tax relief against their personal income tax liabilities," he added.

    Source: Fresh Business Thinking
  • Apprenticeship levy may leave schools struggling for finance


    17.08.17

    Mark Hart, partner at Blick Rothenberg said, "This payroll cost is being passed down to the individual schools, so a school with a budget of just £600,000 that pays salaries of £400,000 will face a real cost of £2,000 and a reduction in spending on books and other resources because their income has not increased to take into account that additional cost."
    "Many large independent and academy schools with large budgets will be incurring the levy. However, there is little or no opportunity to utilise the levy in these schools unless they can hire apprentice teaching assistants who could access level 2 or level 3 apprenticeship training if the school takes on new staff. While independent schools can mitigate the cost by passing it on to parents this  is not the case for schools funded by central or local government. This is a cost to those organisations."
    He added, "£2,000 may not sound like a lot of money but many school departments have limited budgets for resources. For example, the English budget is £500 and our special education needs budget for new resources is £200. We also need to replace our interactive white boards, which cost around £2,500 so it will make resourcing tight"
    "We are forecasting a significant budget deficit in 2020, and I suspect many other schools around the country will be facing similar struggles, unless the government changes the formula."

    Source: Growth Business UK
  • Lynne Pearson resigns from BDO after 29 years' service to join Blick Rothenberg's


    14.08.17

    Caroline Le Jeune, partner and Head of Private Client tax at Blick Rothenberg, said: "Lynne is a fantastic addition to the team. Legislation on the taxation of individuals with complex financial arrangements is constantly changing, and Lynne's wealth of experience in dealing with sophisticated clients further enhances the range of services and support we offer".

    Source: Tax Grotto
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