Tag Archives: Tax

Claiming back Inheritance Tax (IHT) if house prices have dropped Estate Planning, Financial Advice, Latest Articles, Tax & Accountancy

Families and friends of someone who has died that have paid out Inheritance Tax (IHT) on land or a home that was sold for less than the value of the property when they took over ownership can reclaim some or all of the tax they paid.

Many property sellers are unaware that they can benefit from this little known IHT tax break by making a claim under the little-known ‘sale of land relief rules’. Continue reading Claiming back Inheritance Tax (IHT) if house prices have dropped


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


Tax fraud alerts set to trap landlords who are not declaring rental income or are over stating earnings on mortgage application forms. Lenders now sharing information with HMRC Latest Articles, Tax & Accountancy

Property investors innocently switching homes or renting them out may fall foul of new measures to combat fraud.

Two new schemes have started this month aimed at fighting buy to let fraud – but may trap landlords maximising returns and tax reliefs for their properties. Continue reading Tax fraud alerts set to trap landlords who are not declaring rental income or are over stating earnings on mortgage application forms. Lenders now sharing information with HMRC


IHT simplification results in 80 pages of guidance! Estate Planning, Financial Advice, Latest Articles

An effort by the taxman to simplify inheritance tax valuations and forms has resulted in the publication of 80 pages of guidance notes.

Solicitors and estate planners specialising in IHT have seen a number of changes from HM Revenue and Customs in recent months – including a new online self-assessment system for dealing with tax returns for trusts and revision of many IHT forms. Continue reading IHT simplification results in 80 pages of guidance!


Why landlords property insurance might not pay out during void periods or when a property is undergoing refurbishment Landlords Insurance, Latest Articles

Most landlords look at reducing council tax and business rates while letting property is unoccupied but don’t realise they may have voided their buildings insurance if they make a claim while the property is empty.

Thousands of homes stand empty at any one time – the latest figures for England show 650,000 homes were vacant throughout 2009. Continue reading Why landlords property insurance might not pay out during void periods or when a property is undergoing refurbishment


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


What you shouldn’t do – buy to let mortgage advice Estate Planning, Favourite Articles, Financial Advice, Latest Articles, Property Investment Strategies, Tax & Accountancy, UK Property Forum for Buy to Let Landlords

Mark Alexander

Buy to let mortgage advice

Many investors have become cashflow beneficiaries of the ‘Credit Crunch’ due to the lowest interest rates in history. A question I am often asked is, “Should I use the extra cashflow to reduce my mortgage balances?” I appreciate that one day interest rates will go back up again and the base logic for what I consider to be the incorrect decision to repay debt now is to reduce payments in the future. Continue reading What you shouldn’t do – buy to let mortgage advice


Toilet Brush Cleaning – Ask Me Anything Advice, UK Property Forum for Buy to Let Landlords

Toilet Brush Cleaning - Ask Me AnythingHi, my name is Mohammed Crapper, a distant relative of the late John Crapper (inventor of the flushing toilet) and I’m a professional Toilet Brush Cleaner – Ask Me Anything.

I qualified as a Toilet Brush Cleaner with the Royal Institution of Toilet Brush Cleaning in 1979 and now employ a team of 5,000 professionals in Curry houses worldwide.

If there is anything you would like to know about Toilet Brush Cleaning I will be delighted to provide an answer. Just ask a question in the comments section below.

JUST KIDDING

We got your attention though didn’t we? 🙂

We will soon be launching a new section call “Ask Me Anything”

This will be hosted exclusively by Property118 Members who are experienced and qualified experts in their field.

For example, a forum called …..

“Inventories – Ask Me Anything” would be run by an experienced and qualified inventory clerk.

and

“Landlord Tax = Ask Me Anything” would be run by a qualified tax accountant specialising in working with landlords.

In time we hope to have hundreds of specialists running these forums.

Responses from hosts will be linked back to their member profiles so it will be an excellent way for them to engage with their target market. All readers will be able to ask any question they like which relates to the hosts profession.

The host will be automatically notified by email whenever a new question is raised.

“Ask Me Anything” forums will be promoted in our site navigation and also in our eNewsletters which have a distribution of over 500,000 per week.

The SEO benefits to hosts will be immense due to the SEO expertise we have here at Property118 and will continually improve as more Q&A’s are added due to “Rel=Author” coding.

We can’t guarantee to offer you the PR benefits of being appointed as an “Ask Me Anything” host but we can guarantee that all comments you make in our forums will link back to your member profile.

If you would like to apply to become a host of an “Ask Me Anything” forum the first thing you will need to do is become a member and create an authoritative profile. Then complete the form below.

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