Platinum Partnership Solicitors

01/02/2026

For my dear son’s legacy

29/03/2025

29/03/2025

Eid Mubarak from all of us at Platinum Partnership Solicitors

03/03/2025

Investing in UK real estate as a non-resident involves understanding several taxes that can impact your investment. Here’s a simplified overview:

1. Stamp Duty Land Tax (SDLT):
When you buy property in England or Northern Ireland, you pay SDLT. The rate varies based on the property’s price and your circumstances: 

• Standard Rates: For primary residences, rates range from 0% on properties up to £250,000, increasing incrementally for higher-priced properties. 

• Additional Property Surcharge: If you’re purchasing an additional property (like a second home or buy-to-let), there’s an extra 3% surcharge on top of standard rates.

• Non-UK Resident Surcharge: Non-UK residents face an additional 2% surcharge when buying residential property. 

2. Income Tax on Rental Income:
If you rent out your UK property, the rental income is subject to UK income tax:

• Individuals: Taxed at rates ranging from 20% to 45%, depending on total income.

• Corporations: Typically taxed at rates between 19% and 25%.

Tax is calculated on net rental income after allowable expenses. 

3. Capital Gains Tax (CGT):
When you sell your UK property at a profit, CGT may apply:

• Individuals: Higher rate taxpayers pay 28% on gains from residential property; basic rate taxpayers pay 18%. 

• Corporations: Gains are typically subject to Corporation Tax.

Your main residence is usually exempt from CGT. 

4. Inheritance Tax (IHT):
UK property is subject to IHT upon the owner’s death, regardless of residency:

• Rate: 40% on the property’s value above the nil-rate band, currently £325,000.

• Exemptions: Transfers between spouses or civil partners are generally exempt.

5. Annual Tax on Enveloped Dwellings (ATED):

If a company owns UK residential property valued over £500,000, ATED may apply: 

• Charge: An annual tax based on the property’s value.

• Reliefs: Certain reliefs are available, such as for properties rented to third parties.

Key Takeaways:

• Understand the Taxes: Familiarise yourself with UK property taxes to anticipate costs.

• Plan Your Investment: Consider how taxes affect your investment’s profitability.

• Seek Professional Advice: Consult with tax professionals to navigate complex tax rules.

12/12/2024

Well done Pennine Mencap🎉🎉

The 2024 Celebration Ball has raised a staggering £10,952!!

Thank you so much to everyone who bought a raffle ticket, bid on the auction, sponsored the ball, and everyone who came.

This year's Celebration Ball is our BIGGEST fundraiser EVER (smashing the record set by 2023's ball): we could not have done this without the input of staff, service users, sponsors, attendees, and more!

I love Oldham Takeaway Supplies Vergo Pest Management LtdHusse Pet Food OldhamM60 Cleaning SuppliesJB Heating ServicesCivicaComplete TrainingPlatinum Partnership SolicitorsT20 DARTS oldham LTD Province of Cheshire FreemasonsFailsworth Community Pop ChoirInvolution Properties LtdThrive Wellness ChiropracticRapid Rom RemovalsThe BOX KINGPennine Social Care LtdAcre HomecareGreat Grass - The NW's Premium Supplier & Installer of Artificial GrassAll Blindz & Shutterz LtdFish ElectricalSpark OldhamSpark Oldham OPAL AdvocacyMencapKeyRing OldhamTameside CouncilThe Oldham TimesOldham Community Radio 99.7fm/DAB/Device/OnlineOldham Chronicle (Official)Forever ManchesterAction TogetherHurst Community CentreOldham Community

Thank you everyone!

09/09/2024

There are concerns especially amongst the community that there will be a delay with burials

09/09/2024

The way a is certified is changing. From today ALL deaths will be independently scrutinised ie no longer will the family be able to pop in & sign off. An independent will have to .

What will this mean in terms of timescales?!

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09/09/2024

In a landmark legal victory, London’s ExCeL Centre has won its appeal over COVID-19 business interruption (BI) losses, which could have wide-ranging implications for businesses worldwide. The ExCeL Centre had pursued a claim of £16 million after insurers, including Allianz, initially denied coverage for losses incurred during the pandemic. The UK Court of Appeal ruled that ExCeL's insurance policy did indeed cover these losses under its "at the premises" clause, which applies even in cases like the pandemic where government restrictions forced closures​.
This decision is significant for businesses, as it opens the door for similar claims, especially for those who faced denied BI claims during the pandemic. For companies that experienced financial hardship due to lockdowns and restrictions, this ruling provides a potential pathway to recover losses through their insurance policies.

For businesses, this victory underscores the importance of reviewing insurance policy terms, particularly in light of unexpected disruptions like global pandemics. Companies now have stronger legal backing when challenging denied claims, making this a key moment for revisiting business continuity plans and insurance strategies.

Hashtags:

The owners of London's ExCel conference centre on Friday won an appeal brought by insurers, including Allianz , over pandemic-related losses, which its lawyers said could help thousands of other policyholders.

15/08/2024

🚨 Stay Safe from Cyber Attacks! 🚨
In today's age, the threat of is more real than ever. A single breach can cost millions and destroy their . That's why Platinum Partnership Solicitors is proud to announce that we've obtained the prestigious Cyber Essentials certificate! 🛡️
This certification demonstrates our commitment to protecting your sensitive and the highest standards of . Trust us to safeguard your interests while you focus on growing your business. Together, let's build a safer digital future.

10/08/2024

*** RIOT COMPENSATION ACT 2016***

In the wake of recent , many are facing significant damage to their properties. Fortunately, under the Riot Compensation Act 2016, affected businesses can claim for the they've incurred. This vital is essential for helping local businesses recover and rebuild after such challenging times.

If your business has been impacted, don't hesitate to explore your options and file a claim. It's crucial that we support our and ensure that businesses can get back on their feet as quickly as possible.

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