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Capital Gains Tax
Why you should use a property tax accountant
Why use a specialist property tax accountant? It’s a question we get asked regularly and one you may have thought about. The short answer is if you speak to the right property tax specialist you should pay the lowest amount of income tax, Inheritance tax, capital...
Capital Gains Tax Reporting Extended to 60 Days
Capital Gains Tax Reporting deadline increases to 60 days The Autumn Budget 2021 includes an announcement that the Capital Gains Tax Reporting deadline is to be extended to 60 days from the previous deadline of 30 days. For disposals of UK residential property...
Capital Gains Tax Accountant view on Rent a Room
What is the position on Capital Gains Tax and Rent a Room? As a capital gains tax accountant we often get asked about how CGT applies to landlords letting a room in their house under the rent a room scheme. Capital Gain Taxs and Rent A Room relief offer a unique tax...
Business Asset Rollover Relief and Air BnB
Air BnB Furnished holiday lettings have a number of tax advantages compared to standard residential lets. One of the key ones is the availability of business asset rollover relief. This enables furnished holiday let owners to sell one property and invest in another...
How to avoid capital gains tax using spouses losses
Spouses and civil partners benefit from special rules which could be an option on how to avoid capital gains tax. These allow spouses to transfer assets between themselves at a value that gives rise to neither a gain nor a loss. The transferee spouse/civil partner...
Capital gains tax reporting, even if there’s nothing to pay
On paper, it’s cut and dried in terms of who needs to report capital gains tax and by when. But what happens when there’s no capital gains tax to pay? Do you still need to submit a report?
What Spring Budget 2021 means for residential landlords
On 3 March, Rishi Sunak delivered his second Budget. It was more about spending than tax, but did include news of some tax changes and increases.
What we do during tax return season
With self-assessment deadlines upon us, it’s a busy time of year for accountants all over the country and the same is certainly true for the property tax experts here at UK Landlord Tax.
Could the Government be about to double capital gains tax?
Current capital gains tax (CGT) rates are too complex and should be aligned with those for income tax, according to the Office for Tax Simplification (OTS) – what could this mean for landlords?