whatsapp whatsapp Show Comments ▼ GOOD news – of a kind.The 30% Club has finally found a female chairman to join its ranks. For those not au fait with the club’s goings-on, it was founded to pursue the “aspiration” of getting boards at the UK’s top companies to be at least 30 per cent female by 2015. While the club, founded by Helena Morrissey, chief executive of Newton Investment Management, is led by a dozen or so other female executives and a handful of dashing gents, it had yet to recruit a chairwoman to bolster its promotion of female figureheads at the pinnacle of their businesses. The new “supporting member”, as they’re called, is one Anita Frew, chairwoman of Victrex, who is well-placed to preach about increased gender balances, having already achieved the 30 per cent target on her own board and contributing to it elsewhere by being a non-executive for Lloyds.Though to be honest, The Capitalist was rather surprised to learn that the club had only just found a chairwoman to take up the banner – but better late than never, as the saying goes. BRIDESMAID IN CHINATravelex gets in touch to report a peculiar trend in cross-border payments to China: the firm has seen a “dramatic shift” in payments made by small and medium-sized businesses (SMEs) to Chinese suppliers.Instead of putting in orders for the usual machinery and recreational goods, SMEs are splashing capital in China on… china. But, aside from the possibility of a spate of plate-smashing tantrums, what could explain the sudden rush for imports of crockery?Travelex managing director David Sear has a surprising explanation: “The confirmation of the date of the royal wedding has created a sunny micro climate for businesses focused on commemorative memorabilia,” he says. “Year-on-year comparisons show a substantial increase in the number of payments to China since the date of the royal wedding was announced.”It seems payments to China increased 14 per cent following the announcement and 24 per cent on the comparable period last year.So much for naysayers who claimed the four-day holiday in aid of Will ’n’ Kate tying the knot would dent economic growth. They clearly underestimated Brits’ appetite for eating off cheesy photos of the happy couple. FUNNY MONEY The spike in global food prices has driven unrest from Tunisia to China and it seems analysts are ever-restless in their quest to think of colourful new ways to describe the crisis. Step up a bevvy of Societe Generale forex boffins.Tracing global inflation back to the Fed’s obsessive pressing of the “print” button at greenback HQ, they describe the dilemma thus: “Mad money – the root of all evil?”If “all evil” can be summarised as “Chinese overheating and food protests”, the question can be answered rather easily, it seems to us. FREW STEPS UP FOR THE 30 PER CENT CLUB CAUSE by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Share Tags: NULL KCS-content Thursday 3 February 2011 7:15 pm
Uchumi Supermarkets Limited (UCHM.ke) listed on the Nairobi Securities Exchange under the Retail sector has released it’s 2003 annual report.For more information about Uchumi Supermarkets Limited (UCHM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Uchumi Supermarkets Limited (UCHM.ke) company page on AfricanFinancials.Document: Uchumi Supermarkets Limited (UCHM.ke) 2003 annual report.Company ProfileUchumi Supermarkets Limited is a leading retail company in Kenya which sells food, non-food and textile products as well as general merchandise through a network of Uchumi retail outlets. The company also provides property management services. Products in its retail range include fresh fruit and vegetables, health bread and pastries and a wide variety of quality merchandise. Uchumi Supermarkets Limited has 20 stores located in the major towns and cities in Kenya, ranging from hyper branches to express convenience stores. Its head office is in Nairobi, Kenya. Uchumi Supermarkets Limited is listed on the Nairobi Securities Exchange
HF Group Limited (HFCK.ke) listed on the Nairobi Securities Exchange under the Property sector has released it’s 2016 interim results for the first quarter.For more information about HF Group Limited (HFCK.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the HF Group Limited (HFCK.ke) company page on AfricanFinancials.Document: HF Group Limited (HFCK.ke) 2016 interim results for the first quarter.Company ProfileHF Group Limited formerly (Housing Finance Limited) is a financial services group with interests in mortgage lending, corporate and retail banking, property development and a bancassurance business. Its product and service offering ranges from transactional banking products to financial services for micro-enterprises, group banking, agricultural and small-to-medium enterprises. HF Group offers asset finance services, micro-credit loans and loans for anything from solar water heating systems to mortgage finance. The company also has interests in developing and selling residential houses and offers insurance agency services. Formerly known as HF Group Limited, the company changed its name to HF Group Plc in 2017. Its head office is in Nairobi, Kenya. HF Group Limited is listed on the Nairobi Securities Exchange
Nigerian Aviation Handling Company Plc (NAHCO.ng) listed on the Nigerian Stock Exchange under the Transport sector has released it’s 2020 interim results for the third quarter.For more information about Nigerian Aviation Handling Company Plc (NAHCO.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Nigerian Aviation Handling Company Plc (NAHCO.ng) company page on AfricanFinancials.Document: Nigerian Aviation Handling Company Plc (NAHCO.ng) 2020 interim results for the third quarter.Company ProfileNigerian Aviation Handling Company Plc (nahco aviance) is an investment holding company in Nigeria with business interests in aviation services and support. This includes aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training. The company was established in 1979 as the sole ground handler at the newly-commissioned Murtala Muhammed International Airport in Lagos. Today, Nigerian Aviation Handling Company Plc handles 70% of domestic and foreign airlines operating in Nigeria encompassing 35 airlines at 9 airports across Nigeria. Subsidiary companies include Mainland Cargo Options and Nahco Power Energy and Infrastructure. The Federal Government through Federal Airports Authority of Nigeria (FAAN) has a 60% equity stake in the aviation enterprise. The remaining 40% is held by Air France, British Airways, Sabena and Lufthansa. The company’s head office is in Lagos, Nigeria. Nigerian Aviation Handling Company Plc is listed on the Nigerian Stock Exchange
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Evening Standard is listing the City of London’s richest 50 people.The list is being published in sections from today until Friday, with people being listed in reverse order. Today’s issue covers those ranked from 50th to 43rd.The Evening Standard says that its list is based on the “50 people whose success is transparent.” It used information publicly available at Companies House and in companies’ reports to arrive at individuals’ wealth. It includes only those still working, and not those who have retired. The list features only those worth over £20 million. Advertisement Evening Standard publishes list of the City’s wealthiest 33 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 6 July 2003 | News Today’s list includes a focus on “a rising new generation of powerful, fortysomething women.” This includes Robin Saunders who works at WestLB: she is worth £25 million and is ranked at 43rd in the list, the richest woman in the list.Only three women appear in the top 50 – Philippa Rose, Nicola Horlick and Robin Saunders. The Evening Standard puts this in the context of figures from the Inland Revenue which reports that “of the estimated 326,000 people in Britain who earned £100,000 or more last year, 41,000 or 12 per cent were female – a proportion which has hardly changed in the last few years.” Tagged with: Prospect research Recruitment / people About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Applications should be sent to MidÃ© Akerewusi, Chair of the working party and Head of Major Giving at the British Red Cross, by 30 September 2004. Tagged with: Major gift Volunteering Howard Lake | 16 August 2004 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Volunteers sought for major donor code of practice working party The Institute of Fundraising is inviting applications from individuals who wish to join a working party to develop a new code of practice on major donor fundraising.Topics to be covered include defining major donor fundraising, data protection, prospect research and legal issues. The code will also consider issues of diversity and methods to engage major donors further in fundraising. The Institute is particularly keen to include a major donor, a prospect researcher and fundraisers with major donor fundraising experience in the working party. A full schema for the Code and application forms to join the working party are available on the Institute’s website on the codes development page. Advertisement 27 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
WhatsApp AudioHomepage BannerNews By News Highland – April 23, 2018 Twitter Google+ FT Report: Derry City 2 St Pats 2 Pinterest WhatsApp Facebook News, Sport and Obituaries on Monday May 24th Twitter RELATED ARTICLESMORE FROM AUTHOR Facebook Previous articlePublic meeting on future of Old Meetinghouse in Ramelton this weekNext articleLetterkenny International Meet will not take place this year News Highland Pinterest A leading consultant in Emergency Medicine at Letterkenny University Hospital has described the number of people presenting themselves to the hospital with alcohol-related issues as ‘scary’. Dr Gerry Lane was speaking ahead of a special reception to be held tonight in honour of his contribution to the local community.Mr Hugh McBride whos a long-term addiction counsellor in St Conal’s Hospital in Letterkenny is also being honoured alongside Dr Lane.Speaking on today’s Nine Til Noon Show, Dr Lane stressed that alcohol abuse is still a worrying issue in Donegal and one that hasn’t improved in recent years:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/04/gerryldfdfdane1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. DL Debate – 24/05/21 Number of people presenting to LUH with alcohol issues ‘scary’ Important message for people attending LUH’s INR clinic Google+ Arranmore progress and potential flagged as population grows Loganair’s new Derry – Liverpool air service takes off from CODA
Barron County Sheriff’s Office(BARRON, Wisconsin) — One week after 13-year-old Jayme Closs was abducted from her rural Wisconsin home, community members are set to come together at a “Gathering of Hope” event Monday night to pray for the missing girl.“Jayme remains missing and endangered and has been added to the top of the FBI’s Missing Persons list, and is currently on digital billboards nationwide,” the Barron County Sheriff’s Department said in a statement Sunday. The mysterious case began in the early hours of Oct. 15 when Jayme’s parents, Denise and James Closs, were shot dead in their home, authorities said.Police responded to the house after a strange 911 call in which no one spoke. A dispatcher, however, could hear yelling, according to records. Jayme was believed to be home at the time of the killings but had been abducted by the time police arrived just minutes after the 911 call, according to authorities. In the week since she vanished, over 1,200 tips have been submitted, the sheriff’s office said. “I haven’t seen anything like this in rural western Wisconsin,” Barron County Sheriff Chris Fitzgerald told reporters last week. “We just don’t see this.” An Amber Alert has been issued for Jayme. Anyone with information is asked to call the 24-hour tip line at 855-744-3879.Copyright © 2018, ABC Radio. All rights reserved.
narvikk/iStockBy MORGAN WINSOR, ERIN SCHUMAKER and EMILY SHAPIRO, ABC News(NEW YORK) — A pandemic of the novel coronavirus has now infected more than 99.8 million people worldwide and killed over 2.1 million of them, according to real-time data compiled by the Center for Systems Science and Engineering at Johns Hopkins University.Here’s how the news is developing Tuesday. All times Eastern:Jan 26, 4:58 pmWhite House reaches agreements to buy more vaccines by summerPresident Joe Biden’s administration said it has secured commitments from vaccine makers to buy another 200 million doses to arrive this summer — 100 million from Pfizer and 100 million from Moderna.This raises the total to 600 million and ensures the U.S. will eventually have two shots for nearly every American. “We expect these vaccines to be available in production over the course of the summer,” a Biden official said.Buying more doses had always been an option for the U.S. government as part of the prior contracts.“We will increase overall weekly vaccination distributions of states, tribes and territories from 8.6 million doses to a minimum of 10 million doses starting next week,” President Joe Biden said Tuesday.Biden also vowed to increase “transparency with states, cities and tribes and local partners when it comes to the vaccine supply.”“From this week forward … states, tribes and territories will now always have a reliable, three-week forecast with the supply they’re going to get,” he said.ABC News’ Anne Flaherty contributed to this report.Jan 26, 4:10 pmKamala Harris gets 2nd vaccine doseVice President Kamala Harris, while wearing two masks, received her second vaccine dose Tuesday at the National Institutes of Health in Bethesda, Maryland.She called the shot “relatively painless,” adding, “We’re gonna get 100 million vaccinations in 100 days.”“I want to urge everyone to take the vaccine when it is your turn,” Harris said.Second gentleman Doug Emhoff also received his second vaccine dose.Jan 26, 3:01 pmUK variant gains ground in NetherlandsThe Netherlands is battling two COVID-19 epidemics: one against its existing variants, in which cases are declining, and “another epidemic involving the U.K. variant, in which infections are increasing,” the Dutch National Institute for Public Health and the Environment wrote in a situation report on Tuesday.The U.K. variant has caused a massive jump in hospitalizations in the U.K. and Ireland.In the Netherlands, government officials said they were “gravely concerned about the U.K. variant.” Over the weekend they introduced a nighttime curfew which has sparked riots.The Netherlands has reported an 11.7% positivity rate the last two weeks.ABC News’ Christine Theodorou contributed to this report.Jan 26, 2:40 pmGlobal case count climbs over 100 millionThe number of people worldwide who have been diagnosed with COVID-19 surpassed 100 million on Tuesday, according to real-time data collected by Johns Hopkins University. Over 25 million of those cases are in the U.S.For perspective, only 14 countries in the world have populations over 100 million, according to the latest data from the World Bank Group.This milestone comes just over one year since the first COVID-19 case was confirmed in Wuhan, China, on Dec. 31, 2019.Jan 26, 1:55 pmUK tops 100,000 deathsThe United Kingdom has surpassed 100,000 deaths from COVID-19, Prime Minister Boris Johnson said Tuesday.“It’s hard to compute the sorrow contained in that grim statistic,” he said.More than 35,000 people in the U.K. are hospitalized, which is “substantially” above the peak in April, Johnson said.The number of people testing positive is still high, but is decreasing slowly, with 20,089 new cases reported Tuesday, he said.Jan 26, 1:27 pmBoston Marathon to be held in October if road races are allowedThis year’s Boston Marathon will be held on Oct. 11, if road races are allowed in the state’s reopening plan at that time, the Boston Athletic Association said.A virtual race will also be offered as an option to runners.“While it was of course the right thing to do, canceling the 2020 Boston Marathon for the first time in its 124-year history was one of the hardest announcements to make,” Mayor Marty Walsh said in a statement.“Today, I’m filled with hope, as we set our sights on October for the running of the 125th Boston Marathon,” Walsh said. “We have a ways to go before we’re out of the woods, but guided by sound judgment and the advice of our public health experts, I am hopeful that we’ll get to enjoy the return of one of Boston’s most storied traditions this fall.”Jan 26, 1:27 pmBoston Marathon to be held in October if road races are allowedThis year’s Boston Marathon will be held on Oct. 11, if road races are allowed in the state’s reopening plan at that time, the Boston Athletic Association said.A virtual race will also be offered as an option to runners.“While it was of course the right thing to do, canceling the 2020 Boston Marathon for the first time in its 124-year history was one of the hardest announcements to make,” Mayor Marty Walsh said in a statement.“Today, I’m filled with hope, as we set our sights on October for the running of the 125th Boston Marathon,” Walsh said. “We have a ways to go before we’re out of the woods, but guided by sound judgment and the advice of our public health experts, I am hopeful that we’ll get to enjoy the return of one of Boston’s most storied traditions this fall.”Jan 26, 12:28 pmSeveral hundred White House staffers have received vaccinationsSeveral hundred White House staffers already received vaccinations by the White House medical team, White House officials said, confirming a report from Axios.The White House hopes to vaccinate all in-person staff in the next few weeks, officials said.Jan 26, 12:15 pmHospitalizations at lowest since Dec. 14The U.S. is seeing improvements in case and hospitalizations. In the last two weeks, the seven-day average of cases has declined by 33.1%, according to ABC News’ analysis of data compiled by the COVID Tracking Project,On Monday, Missouri reported the fewest number of new cases since September, while South Dakota reported the lowest number of new cases since July.Hospitalizations are also declining nationwide — the COVID Tracking Project analysis states it is the lowest since Dec. 14.Hospitalizations are even trending down in California, which has more people in hospitals than any other state.Jan 26, 11:00 amColombian defense minister dies of COVID-19Colombian President Ivan Duque announced Tuesday that Defense Minister Carlos Holmes Trujilo died in the early morning hours from COVID-19 complications. He was 69.“I can’t express the pain that I have,” Duque said in a statement while conveying his condolences to Trujilo’s family.Colombia has the third-highest number of confirmed COVID-19 cases in the Americas, behind the United States and Brazil, according to the World Health Organization.Jan 26, 9:43 amEurope’s longest land border closes over new variantEurope’s longest land border, spanning more than 1,000 miles, has closed for the first time since World War II.Sweden’s temporary ban on entry from neighboring Norway went into effect Monday and will last until at least Feb. 14. The Swedish government has also extended an entry ban from the United Kingdom and Denmark until the same date. The move comes amid concerns over a new, more contagious variant of the novel coronavirus that was first identified in the U.K. and has since spread to Norway’s capital and the surrounding area.On Saturday, shortly before Sweden announced the new travel ban, the Norwegian government imposed strict new lockdown measures for Oslo and nine neighboring municipalities due to an outbreak of the variant.Jan 26, 9:07 amSouth Africa tells rich countries to stop hoarding COVID-19 vaccinesSouth African President Cyril Ramaphosa has accused wealthy countries of hoarding excess doses of COVID-19 vaccines that they had ordered but did not immediately need.He said rich countries had “acquired large doses of vaccines” — some “up to four times what their population needs” — “to the exclusion of other countries.”“We need those who have hoarded the vaccines to release the vaccines so that other countries can have them,” Ramaphosa told a virtual meeting of the World Economic Forum on Tuesday. “We are all not safe if some countries are vaccinating their people and other countries are not.”Ramaphosa’s comments come as African nations grapple with a rising number of COVID-19 infections. South Africa accounts for nearly half of the continent’s confirmed cases and deaths from the disease, according to the latest data from the Africa Centers for Disease Control and Prevention.Ramaphosa chairs the African Union, which secured a provisional 270 million COVID-19 vaccine doses from manufacturers last week for its 55 member states across the continent. Ramaphosa said those doses will supplement the 600 million to be acquired from the COVAX Facility, a global initiative co-led by the World Health Organization to ensure rapid and equitable access to COVID-19 vaccines for all countries regardless of income.Jan 26, 8:31 amBiden is a ‘game-changer’ for COVID-19 response, New Jersey governor saysHaving Joe Biden in the Oval Office versus Donald Trump is a “complete game-changer” for the country’s COVID-19 response, New Jersey Gov. Phil Murphy said.“Two ways: obsession with this, knowing that public health creates economic health, and a consistent national strategy as opposed to a patchwork quilt. It’s a complete game-changer over the past six days,” Murphy, a Democrat, told ABC News chief anchor George Stephanopoulos in an interview Tuesday on Good Morning America.Murphy said his state, like many others, desperately needs more doses of COVID-19 vaccines.“We need more doses,” he said. “The Biden administration knows that, they’ve entered into what I think is an empty cupboard and they’re frantically, I know, obsessed with building that supply back.”New Jersey has confirmed more than 666,000 cases of COVID-19 since the start of the pandemic, including at least 20,972 deaths. The Garden State has administered 551,209 doses of COVID-19 vaccines as of Tuesday morning, according to real-time data collected by Johns Hopkins University.The Centers for Disease Control and Prevention has delivered almost double the amount of vaccine doses to New Jersey than have been administered there. Murphy said part of the issue is that a federally-run long-term care channel is putting aside doses in advance of visits to nursing homes and other care facilities.“So it looks like they’re not getting used. Those are actually earmarked for distribution over the next week or two,” he said. “And then on the state side, … we’re not throwing any doses away, I promise you that. … We are putting as many shots in the arms as possible.”In order for New Jersey to meet the goal of vaccinating 70% of its population within six months, Murphy said the state needs two or three times the weekly dosage of COVID-19 vaccines that they’re currently getting.“I’m confident we’ll get there,” he said. “It’s not going to be as early as we had hoped, but I’m confident we’re going to get there and I think by the time we turn to the summer, we’re in a whole different place.”Biden aims to reopen all elementary schools and bring students for in-person learning within the first 100 days of his presidency, but Murphy said New Jersey will likely have to do a mix of remote and in-person learning.“I’m not sure we can do it all in, fully in-person,” he said. “I think the game-changer will be whether or not we can get the vaccinations for our educators.”Jan 26, 4:32 amUS reports over 147,000 new casesThere were 147,254 new cases of COVID-19 confirmed in the United States on Monday, according to a real-time count kept by Johns Hopkins University.Monday’s case count is far less than the country’s all-time high of 298,031 newly confirmed infections on Jan. 2, Johns Hopkins data shows.An additional 1,758 fatalities from COVID-19 were registered nationwide on Monday, down from a peak of 4,462 new deaths on Jan. 12, according to Johns Hopkins data.COVID-19 data may be skewed due to possible lags in reporting over the Martin Luther King Jr. Day holiday weekend.A total of 25,297,072 people in the U.S. have been diagnosed with COVID-19 since the pandemic began, and at least 421,129 have died, according to Johns Hopkins data. The cases include people from all 50 U.S. states, Washington, D.C., and other U.S. territories as well as repatriated citizens.Much of the country was under lockdown by the end of March as the first wave of the pandemic hit. By May 20, all U.S. states had begun lifting stay-at-home orders and other restrictions put in place to curb the spread of the novel coronavirus. The day-to-day increase in the country’s cases then hovered around 20,000 for a couple of weeks before shooting back up over the summer.The numbers lingered around 40,000 to 50,000 from mid-August through early October before surging again to record levels, crossing 100,000 for the first time on Nov. 4, then reaching 200,000 on Nov. 27 before nearing 300,000 on Jan. 2.So far, the U.S. Food and Drug Administration has authorized two COVID-19 vaccines for emergency use — one developed by U.S. pharmaceutical giant Pfizer and its German partner BioNTech, and another developed by American biotechnology company Moderna and the National Institute of Allergy and Infectious Diseases.Copyright © 2021, ABC Audio. All rights reserved.
Home » News » Stamp Duty: the hidden issues previous nextRegulation & LawStamp Duty: the hidden issuesIt’s not just about the hike, the Chancellor has some extra tax grabs.The Negotiator20th January 20160590 Views The new surcharge on properties purchased as second homes or as a buy-to-let has caused disbelief and fury – but there is more to it than meets the eye.David Gibbs (left), Taxation Partner at London based Alliotts accountants has the informed view, “The consultation paper makes clear that the proposed Stamp Duty charge is an additional three per cent on the whole of the purchase price. For example under the current rules, Stamp Duty on a second property costing £200,000 is £1,500. From 1st April 2016 this will rise to £7,500 – a 500 per cent hike.The draft rules are very tightly drawn so that the additional rate applies if ‘at the end of the day of the transaction’ an individual owns more than one property.“There are exceptions. If you are replacing your main home you are exempt from the charge. So if for example, you own a second property and purchase a new ‘main home’ then the additional charge won’t apply. Buyer beware – the old home must have been sold by the end of the same day that the new home is purchased. The additional rate will apply if it is. There is a proposal to allow a refund if the old home is sold within 18 months but this still leaves a heavy negative cash flow for the owner.“Overseas buyers do not escape – the new rate applies on the purchase of a UK property if other properties are owned overseas. So most overseas investors will get caught unless they are moving home to the UK.“The Government has added a final twist. Unlike capital gains tax, there will be no opportunity to elect which property is the main home, but HMRC will determine that ‘based on the facts’.”Alliotts accountants buy-to-let second homes stamp duty surcharge on properties January 20, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021