On 6 April 2020, significant changes are due to be introduced by HMRC which may increase the capital gains tax due when you sell a residential property. Make sure you are aware and read our forward planning recommendations. Download PDF for Offline Reading These changes seek to raise extra revenue from the disposal of residential […]
With low interest rates, property remains attractive. For many people with money to invest, property feels like one of the few opportunities that can provide a reliable, substantial return over time.
Most buy-to-let landlords saw their tax bills increase in 2017/18, suggesting the effects of changes to mortgage interest relief were beginning to be felt one year after they were introduced. In a survey by Paragon, 58% of landlords said their tax bill for 2017/18 was higher than a year before, with an average annual increase […]
Has devolution affected what tax you pay? Download PDF for Offline Reading First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up to affect property taxes in Autumn Budget 2017. Philip Hammond’s headline measure was to abolish stamp duty for first-time […]
There are important tax implications of having an up to date value for the property that is owned by your company (or partnership which has a corporate partner). This information is used by us to complete returns for HMRC that determine how much or little tax you need to pay. For our team of tax […]
As a landlord or property investor you must consider tax liabilities at the various phases of owning and renting a property, from purchasing, letting and on sale.