Insight & Opinion on Property Tax: UK Landlord Tax

Capital Gains Tax and Only or Main Residence

Jan 9, 2024
| Capital Gains Tax

When an individual sells their home, subject to rules on size and use, ordinarily any gain on sale is exempt from Capital Gains Tax (CGT). The relief is provided through legislation under Section 222...

Private Residence Relief – When does home ownership begin?

Jan 9, 2024
| Uncategorized

A recent case has bought into sharp focus the position on Principle Residence Relief when building a new home to replace an existing home. In the case of HMRC v Gerald and Sarah Lee 2023, the Upper Tr...

About Business Asset Disposal Relief on Residential Property Disposals

Jan 5, 2024
| Uncategorized

Business Asset Disposal Relief (BADR) provides relief to individuals on gains subject to Capital Gains Tax (CGT). Ordinarily, a gain related to a disposal of residential property will be taxed at 18% ...

Resident in the UAE and looking to invest in UK property?

Jan 3, 2024
| Non-resident Landlords

If you are currently resident in the UAE, whether temporarily or permanently, understanding what your UK tax obligations are when you purchase a UK property and receive rental income is crucial. If do...

Do Camping Pods qualify as “buildings” for capital allowances?

Dec 15, 2023
| News

The recent case involving Acorn Venture Ltd (AV) and the First-tier Tribunal (FTT) illustrates the importance of considering the specific characteristics and functions of assets when determining their...

31 January 2024 deadline for Hybrid LLP’s – Tax Avoidance Spotlight 63

Dec 12, 2023
| News

There is likely to be a good number of taxpayers who have received letters regarding their involvement in Hybrid LLPs, are not sure what to do next and in particular in light of the 31 January 2024 de...

Autumn Statement Impact for UK Landlords

Dec 6, 2023
| Uncategorized

Further Changes to Making Tax Digital For Landlords In his Autumn Statement the Chancellor Jeremy Hunt, confirmed that Making Tax Digital for income tax self-assessment will not be extended to those w...

Less Tax for Landlords Tax Scheme Under Investigation By HMRC

Dec 1, 2023
| Uncategorized

Following approaches by a number of landlords worried about the implications of HMRC’s Spotlight 63, we understand that HMRC have now written to buy-to-let property owners regarding a tax avoidance sc...

What You Need To Know About HMRC Enquiries & The Let Property Campaign

Nov 1, 2023
| Let Property Campaign

As the Self-Assessment deadline of January 31 looms ever closer, it’s a prudent moment to revisit the time constraints governing HMRC inquiries. These statutory timelines are crucial for both ta...

Multiple Dwellings Relief on Annexes and Separate Dwellings

Oct 30, 2023
| Single Property Landlords

If you are buying a home with a separate annex you may be able to claim Multiple Dwellings Relief (MDR) and significantly reduce the amount of SDLT payable. MDR applies where you are purchasing 2 or m...

Multiple Dwellings Relief – What is it?

Oct 27, 2023
| Uncategorized

Multiple Dwellings Relief (MDR) is one of a set of reliefs for Stamp Duty Land Tax (SDLT) on any purchase of property in England and Northern Ireland. There are similar rules for MDR in Scotland and W...

Starting A Property Business: A Comprehensive Guide

Oct 23, 2023
| Uncategorized

Getting the property company up and running If you come to the conclusion that a property company is the right way to go, the first step is to form a company. What happens next largely depends on whet...

Tax Implications Around Moving to Dubai from the UK

Oct 20, 2023
| Uncategorized

Dubai has become a hugely popular destination for UK residents looking for career opportunities, lifestyle benefits, and of course, the favourable tax regime. The UAE does not levy personal income tax...

The Tax Implications Of Moving to Australia from the UK

Oct 18, 2023
| Uncategorized

Moving to a new country is an exciting time and life-changing experience, but careful consideration is required of the financial obligations the Australian Tax Office (ATO) poses on new residents. Aus...

Claiming Private Resident Relief For Periods Of Non Occupancy

Oct 16, 2023
| Uncategorized

Introduction Sylvia purchased a property ten years ago. She lived in it for two years before being seconded by her employer to work in another part of the UK. Sylvia lived there for five years before ...

HMRC’s Opinion On Hybrid LLP’s – Why They Don’t Work

Oct 11, 2023
| Uncategorized

A heavily promoted tax scheme using an LLP with a corporate shareholder has literally come under the spotlight by HMRC. The scheme was promoted to landlords to avoid paying tax on their property incom...

Register of Overseas Entities – Steps & Deadline

Oct 9, 2023
| Overseas Registry

The Register of Overseas Entities came into force in the UK on 1 August 2022 through the new Economic Crime (Transparency and Enforcement) Act 2022. This legislation applies to any overseas company th...

Register of Overseas Entities – Guidance & FAQs

Oct 6, 2023
| Uncategorized

The Register of Overseas Entities is a measure aimed at enhancing the transparency of property ownership in many countries. Its primary goal is to prevent money laundering, tax evasion, and illicit fi...

UKLandlordTax Mentioned In The National Press – Our Latest Feature In This Is Money

Oct 4, 2023
| Uncategorized

We are thrilled to share some fantastic news with our readers and clients. UKLandlordTax has recently been recognised for its expertise in the field of tax advice for landlords and we have been featur...

How This Doomed Tax Scheme Has Unfortunately Duped Many Landlords & What To Do Next

Sep 19, 2023
| Uncategorized

Anyone thinking of transferring existing rental properties to a limited company should read this. An overview of the position for Landlords An infamous firm of ‘Accountants and Tax Advisors’ with a w...

UK Resident Selling Property in France

Sep 14, 2023
| Uncategorized

When a UK resident ventures to sell a property situated in France, they are met with a plethora of tax implications to navigate. This article provides a comprehensive exploration of the tax dynamics a...

UK Resident Selling Property in Cyprus

Sep 12, 2023
| Uncategorized

When a UK resident decides to sell a property located in Cyprus, there is a myriad of tax-related considerations to take into account. This article offers an exhaustive look at both the tax position a...

UK Resident Selling Property in Portugal

UK Tax Implications for Property Sales in Portugal

Sep 6, 2023
| Uncategorized

For UK residents who have made the venture of investing in Portuguese property, understanding the nuances of the tax implications can be daunting. Both countries have specific tax rules and protocols,...

UK Resident Selling Property in Italy

Sep 4, 2023
| Uncategorized

Understanding the tax implications and reporting requirements for UK residents who sell a property in Italy can be a complex matter. This guide aims to provide clarity on this topic. 1. The Nee...

Register of Overseas Entities – What You Need To Know

Aug 10, 2023
| Uncategorized

The Register of Overseas Entities came into force on 1 August 2022 as part of the UK governments response to the Russian invasion of Ukraine and forms a key part of the government’s strategy to tackle...

capital gains tax changes in divorce 2023

Capital Gains Tax In Regards To Divorce – Updates For 2023

Aug 9, 2023
| Uncategorized

Capital Gains Tax (CGT) may not be an obvious concern for spouses and civil partners going through a divorce. As is often the case, ignorance of tax rules can lead to costly consequences. With change...

UK Resident Selling Property in Spain

Aug 3, 2023
| Uncategorized

For UK residents considering selling a property in Spain, it is essential to understand the tax implications and reporting requirements that come with such a transaction. Below, we explore all the key...

UK Inheritance Tax For Non Residents

Jul 25, 2023
| Uncategorized

Despite the current turmoil in the UK residential property market, the UK remains an attractive proposition for overseas investors. A large part of this attractiveness is based on the relatively robu...

All About Stamp Duty on Transfer of a Property Partnership

Jun 13, 2023
| Uncategorized

Recent years have seen a steady flow of property partnerships being incorporated into limited companies. In the vast majority of cases, the incorporation will have been effected for genuine commercial...

How To Handle Property Losses & Their Related Tax Concerns

May 29, 2023
| Uncategorized

There have been numerous changes in recent years that have impacted the profitability of let property for landlords. As well as the changes to the tax treatment of mortgage interest, rises in interest...

Landlord tax advice & news

Capital Gains Tax and Only or Main Residence

Private Residence Relief – When does home ownership begin?

About Business Asset Disposal Relief on Residential Property Disposals

Resident in the UAE and looking to invest in UK property?

Do Camping Pods qualify as “buildings” for capital allowances?

31 January 2024 deadline for Hybrid LLP’s – Tax Avoidance Spotlight 63

Autumn Statement Impact for UK Landlords

Less Tax for Landlords Tax Scheme Under Investigation By HMRC

What You Need To Know About HMRC Enquiries & The Let Property Campaign

Multiple Dwellings Relief on Annexes and Separate Dwellings

Multiple Dwellings Relief – What is it?

Starting A Property Business: A Comprehensive Guide

Tax Implications Around Moving to Dubai from the UK

The Tax Implications Of Moving to Australia from the UK

Claiming Private Resident Relief For Periods Of Non Occupancy

HMRC’s Opinion On Hybrid LLP’s – Why They Don’t Work

Register of Overseas Entities – Steps & Deadline

Register of Overseas Entities – Guidance & FAQs

UKLandlordTax Mentioned In The National Press – Our Latest Feature In This Is Money

How This Doomed Tax Scheme Has Unfortunately Duped Many Landlords & What To Do Next

UK Resident Selling Property in France

UK Resident Selling Property in Cyprus

UK Tax Implications for Property Sales in Portugal

UK Resident Selling Property in Italy

Register of Overseas Entities – What You Need To Know

Capital Gains Tax In Regards To Divorce – Updates For 2023

UK Resident Selling Property in Spain

UK Inheritance Tax For Non Residents

All About Stamp Duty on Transfer of a Property Partnership

How To Handle Property Losses & Their Related Tax Concerns

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UK Landlord Tax