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
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
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
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
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