Page 54 • The HERALD • 20th February 2025 v THE HERALD - Proud to be part of your communityv ASK A PROFESSIONAL BRYANT & CO Chartered Accountants & Business Advisers We provide a wide range of accounting and business services to individuals, partnerships and limited companies. We specialise in working with family owned businesses, providing guidance and advice as appropriate. Our services include: • Annual Accounts • Bookkeeping • VAT • Payroll and CIS • Personal and Corporate Tax Returns • Management Accounts • Business Advice • We also provide training on the use of Sage and Quickbooks, and the implementation of computerised and manual accounting systems. • Meetings can be arranged to suit your needs, including evenings and weekends if more convenient to you. • The initial meeting is free of charge, regardless of the length of time, as we believe it is important to develop a good working relationship from the outset. • All fees are agreed in advance of any work being undertaken. Please call Peter or Lisa on 023 8089 4982 to arrange a meeting to discuss your business needs. You can also contact Peter on 07976 808969, or email us at info@bryantandcompany.co.uk Have a look at our website www.bryantandcompany.co.uk for a fuller understanding of our business. Hampshire Homebuyers Encouraged to Be Aware of Upcoming Stamp Duty Changes A Hampshire housebuilder is advising homebuyers to be mindful of upcoming changes to Stamp Duty in April, which could increase costs for those planning to move in 2025 – even for rst time buyers. Currently, no Stamp Duty is due on properties up to £250,000. However, from 1st April 2025, the threshold will be reduced to £125,000, meaning buyers will pay 2% on the portion between £125,000 and £250,000 and 5% on the portion between £250,001 and £925,000. Barratt David Wilson Homes Southampton division, which is currently building Harbour Place in Bedhampton, Pebble Walk on Hayling Island and Forest Walk in Whiteley, say that many people were unaware of the changes which could cost them thousands. A recent survey carried out by Barratt David Wilson Homes in January 2025, out of 500 prospective buyers: • 36% were unaware of the changes. • 38% had heard about them but lacked detailed knowledge. • Only 26% were fully informed. ese changes could add thousands to the cost of moving home*. For example, as noted on Gov.uk, a property valued at £295,000 would attract £2,250 in Stamp Duty if purchased before 31st March 2025, rising to £4,750 from 1st April. Similarly, a £550,000 property would see an increase from £15,000 to £17,500. is also impacts rst time buyers that are not exempt from the rises. Mortgage expert Terry Higgins, Group MD of TNHG New Build Mortgages, advises buyers to plan ahead: “The return to pre-2022 thresholds will affect many buyers, particularly firsttime buyers and those moving up the property ladder. Factoring in the potential tax increase now could help buyers make informed decisions and explore opportunities to move before the changes take effect.” Tammy Bishop, Sales Director at Barratt/David Wilson Homes, said: “We encourage property seekers looking to make a move this year to consider accelerating their plans as it could mean saving thousands of pounds. “We don’t want anyone to have to compromise on their dream home and our Sales Advisers are on hand to discuss our offers available, some of which include Stamp Duty paid on selected properties. “Our developments all have moving schemes and offers to help make a new home more affordable and we are ready to help prospective buyers take the first or next step on the property ladder in 2025.” * https://www.barratthomes.co.uk/thebuying-process/what-is-stamp-duty/
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