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When Dubai resident Mohy Shams heard about UK finance minister Rishi Sunak’s stamp duty holiday for residential property purchases last July, he jumped at the opportunity to make a saving.
Briton Mr Shams, who has lived in Dubai since 2014, already owns five properties in the UK and two in the emirate as part of an investment portfolio.
By completing his deals ahead of March 31 when the tax break ends, Mr Shams will only pay £8,400 ($11,497) in Stamp Duty Land Tax (SDLT), on a £100,000 property in Stockton-On-Tees, Country Durham and a £180,000 off-plan home in Bicester Village, Oxfordshire.
After the deadline, not only will the tax holiday disappear, but Mr Shams will also be subject to a 2 per cent surcharge on purchases by non-resident buyers. If he had waited to close the deals, this would have bumped his total tax bill up to £15,100, meaning he will make a total saving of £6,700 by completing earlier.
Reliance Steel & Aluminum Co. Announces Director Succession and Leadership Promotions Reliance Steel & Aluminum Co.
− Karla Lewis appointed to Board of Directors and promoted to President
− Arthur Ajemyan promoted to Vice President, Chief Financial Officer
− David Hannah retiring from Board of Directors at 2021 Annual Meeting of Stockholders
LOS ANGELES, Jan. 18, 2021 (GLOBE NEWSWIRE) Reliance Steel & Aluminum Co. (NYSE: RS) announced today that Karla R. Lewis has been promoted to President and appointed to the Company’s Board of Directors consistent with the Board’s executive leadership succession plan.
Mark Kaminski, Chairman of the Board of Reliance, commented, “The promotion of Karla Lewis to President as well as her appointment to the Board marks another important step in the Reliance Board of Directors’ strategic, deliberate and well-executed long-term succession plan. Karla has been at the center of Reliance’s extremely well executed growth strat
Chap-door-run boy s father in baton attack against man who grabbed son AN ANGRY dad battered a farmer about the body with an extendable baton after the man had chased after a group of children who were playing chap-door-run. Robert Rudkin lashed out at David Hanna with the weapon after hearing that his neighbour had grabbed his son by the clothing after banging on the man’s door and running off. Rudkin’s son was left terrified by Mr Hanna’s reaction to the group of children knocking on doors in Ormiston in October 2019, a court was told. Rudkin, 52, heard about the incident and approached Mr Hanna; after pulling out the baton, he beat the farmer on the body.
Scots dad fears jail after battering man with baton who grabbed son playing chap door run
Robert Rudkin said he went to a neighbouring village to give David Hanna a fright .
Updated
Robert Rudkin said a red mist came over him on learning his son had been chased and grabbed (Image: Daily Record)
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