Tag: Tax

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Property investors must act to avoid 40% tax bill

Author: Mark Alexander

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...

property118

The history of No Money Down and Instant Remortgages since 1992

Author: Mark Alexander

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...

property118

The Money Centre reports on how SIPPS pension rule changes may allow buy to let homes

Author: Mark Alexander

28th October 2010, 16 years ago | 0

Ministers may consider including residential investment property in self-invested pension schemes (SIPPS) that would lead to a major pension industry...

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Nine excuses why property investors don’t make tax returns

Author: Mark Alexander

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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UK income tax hike was world’s highest for 2010

Author: Mark Alexander

28th October 2010, 16 years ago | 0

British taxpayers are vying with those in Sweden, Denmark, and the Netherlands to pay the highest rates of tax in...

property118

Gifting a home to family can cost a fortune

Author: Mark Alexander

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

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...

The Money Centre’s Estate Planning Partners look to team up with several charities. When people are diagnosed with a critical illness or a degenerative disease plenty of people offer tea and sympathy but very few offer good practical advice

Author: Mark Alexander

27th October 2010, 16 years ago | 0

We’ve recently embarked on a new initiative to provide Estate Planning advice to people who need it most, whilst at...

property118

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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Scandal of thousands of £100 tax penalties paid in error. One in five taxpayers pay £100 or more for filing late tax returns when they don’t owe the taxman a penny in fines

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

The self-assessment clock is ticking now – 2 million taxpayers have to the end of October to file a paper...

property118

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

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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Planning to pay less tax doesn’t make you a tax cheat. This article explains the difference between tax evasion and tax avoidance. Case law is quoted

Author: Mark Alexander

27th October 2010, 16 years ago | 0

The government is diverting £900 million over the next three years to beef up HM Revenue and Customs in a...

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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

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

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....

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Why landlords need to act on self-assessment now.

Author: Mark Alexander

27th October 2010, 16 years ago | 0

Tax code bungles and other IT disasters at HM Revenue and Customs have led to thousands of workers redeployed for...

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Why up to 40% of your life insurance payout could end up in the hands of the tax man

Author: Mark Alexander

27th October 2010, 16 years ago | 1

If your net assets are worth over £325,000 when you die, any money that you leave to anybody other than...

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Property investors pile up millions in wasted tax payments. Property investors are big contributors to the huge £552 million mountain of wasted cash that is piling up because of poor capital gains tax planning

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

The latest capital gains tax (CGT) increase announced by the Chancellor George Osborne in June has added a massive £36...

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Landlords could be lining the Tax Mans coffers if they live through the next property cycle. Born free taxed to death? This needn’t be the case for readers of Landlord News

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 2

The UK’s average property value is currently £167,953, according to the Halifax’s latest survey. It is probably fair to say...

property118

Property investors and the HMRC PAYE tax code bungle

Author: Property118.com Landlord News Team

27th October 2010, 16 years ago | 0

Millions of landlords and property investors are tied up in the HM Revenue and Customs PAYE code bungle and may...

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What sort of property business do you run? This is the first in a series of articles that we will be running in Landlord News explaining how to optimise the ownership structure of your property business for tax purposes

Author: Mark Alexander

27th October 2010, 16 years ago | 2

Building on the success of a property business involves much more than managing tenants in rental homes. Many investors start...