Tag Archives: Inheritance tax

NAEA Unhappy with Budget Announcement Buy to Let News, Latest Articles, Property Market News, Property Sales & Sourcing

Following George Osbourne’s Budget announcement, NAEA have offered a damning response as Wendy Evans-Scott, President of the National Association of Estate Agents (NAEA) labelled it a failure and a missed opportunity.

“Not only has the Chancellor failed to offer any real help to lower and middle income homeowners and First Time Buyers, but from Saturday, the Stamp Duty Holiday for FTBs will be coming to an end.
Continue reading NAEA Unhappy with Budget Announcement


Budget 2012 and how it affects landlords and property investors Buy to Let News, Latest Articles, Property Investment News, Property Sales & Sourcing

Budget 2012 for property people

Property investors are winners and losers in Chancellor George Osborne’s Budget 2012.

Landlords paying tax on rents are likely winners as they will benefit from Osborne hoisting personal allowances for income tax nearer the £10,000 target.

While top-end of the market investors dealing in buying and selling the most expensive homes are the focus of big increases in stamp duty. Continue reading Budget 2012 and how it affects landlords and property investors


HMRC Loses Key Holiday Let Tax Case Financial Advice, Latest Articles, Lettings & Management, Property Investment News, Property Investment Strategies, Property Market News

The tax man has lost a key case that allows holiday let owners claim business property relief against inheritance tax.

HM Revenue & Customs has argued for many years that holiday lets are an investment, not a business, and as such are not allowed to claim the relief unless the owner was ‘substantially’ involved with holidaymakers.

This was generally believed to exclude furnished holiday lets as they were grouped with buy to let and other rental property income by the tax man. Continue reading HMRC Loses Key Holiday Let Tax Case


Hush-hush Chancellor Quietly Puts up CGT and IHT Latest Articles, Overseas Property, Property Investment News, Tax & Accountancy

Property investors will pay more inheritance tax and capital gains tax after the government changed the basis for calculating index-linked increases in reliefs.

The back-door move will increase the amount of tax collected on all transactions from April 2012 despite Chancellor George Osborne promising CGT rules would remain the same during the life of this Parliament. Continue reading Hush-hush Chancellor Quietly Puts up CGT and IHT


Loophole that beats HMRC’s IHT tax grab Latest Articles, Property Investment News, Tax News

House on CalculatorTaxpayers who have fallen foul of HM Revenue and Customs policy of checking out property valuations targeting larger inheritance tax payments from estates can fight back with a little known loophole.

Refunds on overpaid inheritance tax (IHT) can be claimed for homes that are worth less than the value on the deceased owner’s date of death. Continue reading Loophole that beats HMRC’s IHT tax grab


Pacific Limited Chartered Accountants – Landlord Tax Advice Tax and Accountancy

Logo for Pacific LimitedSpecialists in Landlord Tax and Accountancy, Pacific Limited Chartered Accountants in Norwich, established in 1982, look after the tax affairs of buy to let landlords and property investors.  The founders of the business have invested personally into property for years.

There are only two things certain in life, death and taxes.  Pacific have a goal to minimise the latter.  The structure of your business can have a huge affect on your tax bill. Whether you trade as a limited company, sole trader or partnership, keeping up to date with complex taxation legislation is essential.  Pacific Limited do this for you so that you can focus on making money and leave Pacific to worry about working out the best way to keep your tax bill to a minimum.

Pacific Limited’s services include: Continue reading Pacific Limited Chartered Accountants – Landlord Tax Advice


@Property118 interview with property investor and IFA Jason Howard Financial Advice, Guest Articles, Latest Articles, Property Sales & Sourcing

First in a series of short video interviews in which Property118.com founder Mark Alexander quizzes IFA Jason Howard on how he’s used economies of scale to improve the returns on his property investments and for his clients. Continue reading @Property118 interview with property investor and IFA Jason Howard


Budget 2011 for landlords and property investors Latest Articles, Tax & Accountancy

Chancellor George Osborne announced a tax neutral Budget aimed at providing economic growth and fairness.

His speech of just over an hour pulled few punches about the state of the economy, but was very much ‘steady as we go’ rather than pulling in surprise tax rabbits out of the hat. Continue reading Budget 2011 for landlords and property investors


Use these property tax savers before you lose them Latest Articles, Tax & Accountancy

Guest Blog provided by Steve Sims, author of “Understanding And Paying Less Property Tax For Dummies”.

 

Little time is left for tax planning as the end of the tax year is nearly upon us – so here are some points to consider before it’s too late from hot topics that have dominated the financial news: Continue reading Use these property tax savers before you lose them


Billions gifted to the government by lazy taxpayers Latest Articles, Tax & Accountancy

Guest Blog provided by Steve Sims, author of ‘Understanding And Paying Less Property Tax For Dummies’.  Steve and his wife Amanda also have a boutique accountancy business which specialisis in providing taxation advice and accountancy services for property investors.

Taxpayers who can’t be bothered to work on their financial affairs are gifting the government £13.5 billion a year.

The money comes from unclaimed reliefs and allowances and the payment of unnecessary taxes. Continue reading Billions gifted to the government by lazy taxpayers


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