Tag Archives: Capital Gains Tax

Does anyone know how much tax they should pay? Landlords and property investors face a confusing time with their tax returns as most do not have a clue as to what they can claim against tax and how to work out their income tax. Most find capital gains tax an impenetrable nightmare and few understand how to keep the right financial records to back up rental accounts and tax claims Latest Articles, Tax & Accountancy

Tax is obviously too taxing for most people as around 1.4 million UK workers have to repay an average of £1,400 each in underpaid tax following errors by HM Revenue & Customs (HMRC).

On top of that, HMRC overcharged another 1 million taxpayers by £238 million last year. Continue reading Does anyone know how much tax they should pay? Landlords and property investors face a confusing time with their tax returns as most do not have a clue as to what they can claim against tax and how to work out their income tax. Most find capital gains tax an impenetrable nightmare and few understand how to keep the right financial records to back up rental accounts and tax claims


Dangers of signing over property to your family. Quality advice from our tax partner Estate Planning, Financial Advice, Latest Articles

Signing a home over to family is not an easy solution to tax problems or trying to avoid paying for care in your old age.

In many cases, the switch in owners can cause more issues than the action was meant to solve. Continue reading Dangers of signing over property to your family. Quality advice from our tax partner


Handling a property tax compliance investigation or “compliance check”. Our specialist tax and accountancy partner provides useful insight and guidance Latest Articles, Tax & Accountancy

More and more investors and landlords who have not owned up about their property profits are under scrutiny from the taxman.

The first indication you are under investigation for unpaid tax is often a benign ‘compliance check’ letter through the door. Continue reading Handling a property tax compliance investigation or “compliance check”. Our specialist tax and accountancy partner provides useful insight and guidance


Landlords eager to expand buy-to-let portfolios. Report from LSL Property Services Latest Articles, Property Sales & Sourcing

One in four buy to let landlords have solid confidence in property investment and believe now is a good time to invest.

Only 2% consider now is a good time to reduce their portfolios – and although the rest think now is not the time to invest, one in three (32%) want to buy more buy to let property in the coming year. Continue reading Landlords eager to expand buy-to-let portfolios. Report from LSL Property Services


New rules threaten holiday home tax perks Latest Articles, Tax & Accountancy

Second home and holiday let owners are set to lose lucrative tax breaks worth thousands of pounds in a proposed change in the law to bring the UK in to line with European rules.

The tax landscape for furnished holiday let owners has suffered from uncertainty from the government for some time. Continue reading New rules threaten holiday home tax perks


Property tax exiles could face big UK bills Latest Articles, Tax & Accountancy

Thousands of property tax exiles could face huge bills if a billionaire businessman loses his long-running tax battle with HM Revenue and Customs (HMRC) at the Supreme Court.

Robert Gaines-Cooper has fought for years against claims for tax dating back to 1982 and lost his case on appeal earlier this year. Continue reading Property tax exiles could face big UK bills


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