May Newsletter 2026

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foxwise.co.uk

01/05/2026
Massive council tax hikes for second homes in Scotland
Midlothian Council has introduced a 500% council tax premium on second homes from 1 April. This means some owners now face annual bills up to about £28,000, especially for Band G properties. Read More...
 
Stamp Duty nets £307m more in the year since its change
First-time buyers are paying significantly more in stamp duty since temporary tax relief ended in April 2025. Read More...
 
Chancellor planning tax changes to attract wealthy back to the UK
The Chancellor, Rachel Reeves, is preparing a package of tax breaks aimed at high earners, particularly those who left the UK following recent tax rises. Read More...
 
178,000 taxpayers missed out on rebates sent by cheque
178,000 people didn't receive tax rebates last year because they never cashed the cheques HMRC sent them. Read More...
 
May Questions and Answers
I'm converting a non-residential property into my new home. I've heard that I may be able to use the DIY Housebuilder Scheme but am unsure what it is. Can you explain? Read More...
 
May Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 31st July. Read More...
 

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