Tag: Capital Gains Tax

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Red Hot Tax Tip – get tax relief on your personal mortgage

Author: Mark Alexander - Founder of Property118

4th January 2011, 16 years ago | 0

For married couples and civil partnerships. EXAMPLE You sell shares in your family company to your spouse for an amount...

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More landlords can expect to pay 40% tax

Author: Property118.com Landlord News Team

13th December 2010, 16 years ago | 0

More landlords can expect to pay higher rate tax from next April thanks to new income tax rates published with...

Running a buy to let business as a limited company

Author: Property118.com Landlord News Team

26th November 2010, 16 years ago | 18

Buy to let landlords making big rental profits and looking to save tax often flirt with the idea of running...

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Stressed out taxman writes off bills for 1.9 million

Author: Mark Alexander - Founder of Property118

26th November 2010, 16 years ago | 4

The taxman has finally come a cropper in the game of brinkmanship played on claiming unpaid tax right on the...

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Taxman tightens up residence rules on second homes

Author: Mark Alexander - Founder of Property118

26th November 2010, 16 years ago | 0

The taxman has confirmed The Money Centre’s long-held suspicion that HMRC is chasing property investors suspected of ‘flipping’ homes following...

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HMRC gets tough over late £100 fines for late tax returns

Author: Mark Alexander - Founder of Property118

24th November 2010, 16 years ago | 0

HM Revenue & Customs (HMRC) has issued a warning to anyone who hasn’t yet sent in their self-assessment tax return...

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HMRC task force chases landlords for unpaid tax

Author: Mark Alexander - Founder of Property118

17th November 2010, 16 years ago | 0

Landlords are in the firing line of a new HM Revenue and Customs charge to collect unpaid tax. HMRC is...

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Inheritance Tax FAQ.

Author: Mark Alexander - Founder of Property118

12th November 2010, 16 years ago | 0

The 30 million people in the UK who do not have a will are letting the government grab a large...

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Taxing decisions to make when inheriting a home.

Author: Mark Alexander - Founder of Property118

12th November 2010, 16 years ago | 0

Inheriting a property means making some important decisions that have lifestyle, tax and other financial consequences.

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Taxman won’t take estate planning on trust. Property investors with portfolios with values exceeding the IHT single/married thresholds of £325,000 and £625,000 are expected to face higher levels of investigation from HM Revenue and Customs.

Author: Mark Alexander - Founder of Property118

3rd November 2010, 16 years ago | 0

Wealthy families with complicated inheritance tax (IHT) avoidance schemes are the likely targets of tax ‘hit squads’. Property investors with...

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Making sure a selling price adds up for capital gains. Property investors must know the break-even figure to set the asking price and to negotiate with a prospective buyer who makes an offer

Author: Mark Alexander - Founder of Property118

28th October 2010, 16 years ago | 0

House sellers need to do their sums before accepting an offer on a property investment to make sure the figures...

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Property investors must act to avoid 40% tax bill

Author: Mark Alexander - Founder of Property118

28th October 2010, 16 years ago | 0

The best laid Tory plans to boost inheritance tax (IHT) thresholds to £1 million after the election were shelved as...

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The history of No Money Down and Instant Remortgages since 1992

Author: Mark Alexander - Founder of Property118

28th October 2010, 16 years ago | 8

It was 1992, we were at the tail of the property crash of the late 80’s and early 90’s. I was...

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Nine excuses why property investors don’t make tax returns

Author: Mark Alexander - Founder of Property118

28th October 2010, 16 years ago | 0

Many property owners are confused over whether they should declare the money they earn from letting. Here’s a list of...

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Gifting a home to family can cost a fortune

Author: Mark Alexander - Founder of Property118

28th October 2010, 16 years ago | 0

Gifting property to families or loved ones without triggering a cluster bomb of taxes is never simple. Take two sisters...

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What’s more important, cashflow or liquidity? Mark Alexander reports

Author: Mark Alexander - Founder of Property118

27th October 2010, 16 years ago | 0

Cashflow is simply defined as regular income. Positive cashflow is when income exceeds expenditure and you make a profit. So...

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Capital Allowances FAQ for property investors. Our tax partner Steve Sims has produced this superb guide

Author: This article was written by guest author - Steve Sims

27th October 2010, 16 years ago | 0

Capital allowances are mind-numbingly complicated and even confuse some accountants, but making the effort to unravel obscure tax points can...

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Do you have Capital Gains Tax to pay on your property? It’s no good sitting tight and hoping the tax man won’t find out about any property capital gains because you could face a fine if you don’t let your tax office know by October 5

Author: Mark Alexander - Founder of Property118

27th October 2010, 16 years ago | 0

Capital Gains Tax (CGT) is not an opt-in process – if you have made a gain and do not already...

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Spotlight on our Tax and Accountancy partners. Landlord News articles about Tax and accountancy are the best read. In this issue we provide more information on the levels of assistance our partners can provide

Author: Mark Alexander - Founder of Property118

27th October 2010, 16 years ago | 2

The most popular articles in Landlord News are undoubtedly those that relate to tax and accountancy advice. Steve Sims, author...

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Property investors owe £200 million in uncollected tax. Property investors who have failed to declare their tax account for £200 million of the missing £42 billion HM Revenue and Customs failed to collect last year because of evasion, and mistakes

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

The latest figures for uncollected tax reveal property investors owe £142million from undisclosed letting income and £55million evaded in undeclared...

Is your property portfolio ownership structure optimised to enable you to pay the minimum amount of CGT, income tax and IHT?

Author: Mark Alexander - Founder of Property118

27th October 2010, 16 years ago | 14

In this article I look at the differences between owning property as joint tenants, tenants in common or as individuals....