With the residence nil rate band being frozen until 2026, if you have a high-value estate in the family it might be worth planning ahead to make sure you reduce the inheritance tax bill. Our latest blog explains more. The residence nil rate band (RNRB) is an...
Family Investment Company (FIC) Reducing inheritance tax on residential property is a major concern for landlords. By using a family investment company structure you may be able to mitigate the IHT liability attaching to your shares. At the same time, you may also be...
No one likes the idea of the taxman taking a chunk of their estate when they die. Even less if it will be necessary to sell a much-loved property to pay the inheritance (IHT) bill. The introduction of the residence nil rate band (RNRB -set at £175,000) means that a...
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.
We’ve got a commitment to demystify tax for landlords and know that some of our clients find the technical language confusing. So here it is, explained.