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 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...
What is the position on Capital Gains Tax and Rent a Room? Capital Gain Taxs and Rent A Room relief offer a unique tax saving opportunity. Rent-a-room relief aims to encourage those with spare rooms in their homes to let them out to increase the supply of furnished...
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...
Spouses and civil partners benefit from special rules which could allow them to reduce 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 effectively...
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?
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.
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.
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?
New rules introduced in April 2015 mean non-residents are liable to UK capital gains tax on the sale of UK residential properties – how does it work and what do you have to do?