Red Square London NOVOSTI March 2016 - RSL Law
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Red Square London NOVOSTI March 2016

Red Square London NOVOSTI March 2016

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Red Square London NOVOSTI March 2016

COMPANY NEWS

We are delighted to announce the further expansion of our team with Mr Iryn Ali LL.B, LL.M, joining RSL as an Immigration Solicitor.

Mr Iryn Ali received his LL.B (Law Degree) from Kingston University, London. He completed his Post-Graduate Diploma (Legal Practice Course) & LLM (Masters Degree) at London Metropolitan University. He is also a PhD researcher in EU Investor – International Law.

Within Red Square London in addition to advice and assistance with matters concerning UK residency and citizenship, business, professional and academic immigration, we are now also offering services in respect of:
  • Immigration Appeals;
  • Judicial Review Applications;
  • Asylum;
  • Court representation in Immigration cases;
  • Immigration Bail.

Mr Ali was admitted to the Law Society in 2008, as a Solicitor of the Supreme Court of England & Wales and specialised in Immigration and Alternative Dispute Resolution. He has published articles and addressed academic and professional institutions in his areas of expertise. 

IMMIGRATION

THE IMMIGRATION BILL 2015-16: POSSIBLE CONSEQUENCES

The Immigration Bill 2015-16 will potentially form a keystone element of the UK’s response to one of the greatest challenges facing Europe in recent years. Not only will the Bill inform how immigration is controlled in the future, but also how the state treats those who are already resident in the country. Although the Bill aims to add to and alter the law in a variety of ways, there are two provisions in particular which will have a dramatic impact on the illegal immigrant population (which numbers somewhere around half a million.) Firstly, there is… READ MORE…

REAL ESTATE

STAMP DUTY LAND TAX RESIDENTIAL PROPERTY: NEW RULES

From the 1st of April 2016 the higher rates of Stamp Duty Land Tax (SDLT) will apply to additional residential properties purchased in England, Wales and Northern Ireland. The higher rates will be 3 percentage points above the current SDLT residential rates. They will be charged on the portion of the value of the property that falls into each band as follows:
  • £0 – £125,000: 3%
  • £125,001 – £250,000: 5% 
  • £250,001 – £925,000: 8% 
  • £925,001 – £1,500,000: 13%
  • Over £1,500,000: 15% 
In order to understand whether you need to pay higher rates of SDLT, you need to answer the following question irrespective of the intended use of the property whether it is an additional property for your personal use or a buy-to-let: «How many properties do you own at the end of the day of the transaction?»… READ MORE…

BUDGET MARCH 2016

BUDGET UPDATE

Below is a brief summary of upcoming changes, following the Government’s Budget, announced in March 2016:

Personal Income Tax: The Personal Allowance is the amount of income you can earn before you start paying Income Tax. The Personal Allowance is currently £10,600. It will rise to £11,000 in 2016/17 and to £11,500 in 2017/18. The higher rate threshold after which you pay higher rate Income Tax will increase from £42,385 to £43,000 in 2016 and to £45,000 in April 2017.

Business Tax: small businesses : From April 2017, small businesses that occupy property with rateable value of £12,000 or less will pay no business rates. This is increased from the current threshold of £6,000. The government also introduced a tapered rate of relief on properties up to £15,000 rateable value… READ MORE… 

ARTICLE OF THE MONTH

TIER 1 ENTREPRENEUR MIGRANTS: JOB CREATION, PAY AND TAX ARRANGEMENTS

As a holder of the Tier 1 Entrepreneur visa you will need to satisfy a number of immigration conditions attached to your immigration status. One of such conditions is the creation of two full-time jobs for persons settled in the UK. Find out from our article how much it costs to employ two workers and what your financial responsibilities as an employer will be… READ MORE… 
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