Around 250,000 second-home owners could see their council tax double under changes that let councils scrap their discounts.
Councils will have the power to scrap discounts and charge second homeowners the full rate of council tax with the extra money offsetting bills for full-time occupiers.
Communities secretary Eric Pickles expects most councils to take the opportunity to raise more cash by April 2013. Continue reading Landlords and Holiday Homes May Lose Tax Discounts
Paying stamp duty and capital gains tax on a property sale is definitely a case of one law for the rich and another for the not so rich.
Wealthy investors can get away with paying no property taxes when they sell a home by exploiting offshore tax rules. Continue reading One property tax for the rich…and another for the rest
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