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Stamp Duty Land Tax & Buy To Let: Your Questions Answered

Jan 12, 2024
| Uncategorised

Stamp Duty Land tax (SDLT) remains in the spotlight for change to stimulate markets and the economy. Like most taxes, SDLT does have areas of complexity and many of these areas have been detailed in H...

Private Residence Relief – When does home ownership begin?

Jan 9, 2024
| Uncategorised

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
| Uncategorised

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% ...

Autumn Statement Impact for UK Landlords

Dec 6, 2023
| Uncategorised

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
| Uncategorised

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...

Multiple Dwellings Relief – What is it?

Oct 27, 2023
| Uncategorised

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
| Uncategorised

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
| Uncategorised

Moving to Dubai from the UK Recent years have seen many UK residents attracted to the idea of relocating to Dubai or finding a position in Dubai to take advantage of a number of benefits (not just the...

The Tax Implications Of Moving to Australia from the UK

Oct 18, 2023
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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 Tax Implications for Property Sales in Portugal

Sep 6, 2023
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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 In Regards To Divorce – Updates For 2023

Aug 9, 2023
| Uncategorised

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
| Uncategorised

For UK residents considering selling their property in Spain, it is essential to understand the tax implications and reporting requirements that come with such a transaction. In this article, we will ...

UK Inheritance Tax For Non Residents

Jul 25, 2023
| Uncategorised

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
| Uncategorised

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
| Uncategorised

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...

Mar 31, 2023
| Uncategorised

In relation to income from short-term property letting, HMRC has recently launched a One to Many (OTM) letter campaign. In the letter, it is stated that HMRC’s records indicate that the individu...

What You Need To Know About Transferring Property To A Limited Company

Mar 30, 2023
| Uncategorised

Property landlords will often be advised that holding property portfolios in a limited company is preferable to holding property in their own names. A limited company will invariably provide opportuni...

A Short Guide To Sharia Mortgages

Mar 21, 2023
| Uncategorised

Over the past few years, Islamic finance has gained increasing popularity as more Muslims are choosing to invest their money according to their religious beliefs. This is especially evident when it co...

Upcoming Property Tax Time Bomb Incoming

Mar 14, 2023
| Uncategorised

There is a time bomb waiting for property taxpayers according to HMRC In a proactive move, HMRC is proactively reminding taxpayers to be aware of the annual tax on enveloped dwellings (ATED) valuation...

Increase Of Council Tax To 300% For All Second Homes In Wales

Mar 13, 2023
| Uncategorised

Council Tax for second homes in Wales will increase by up to 300% starting on 1 April 2023, and each local council in Wales will decide the amount by which the Council Tax will increase. The We...