Understanding Land Remediation Relief: Benefits And Eligibility
Land Remediation Relief (LRR) offers UK businesses a chance to revitalize contaminated land, providing a tax deduction of up to 150% on qualifying expenses. Eligibility involves corporation tax liability, UK land acquisition, and incurring qualifying expenditures for remediation. Beyond financial...
Buy to Let Limited Company: What You Need to Know
This article explores the Buy to Let Limited Company, detailing its setup, benefits, drawbacks, and serving as a guide for potential investors in this domain.
Incorporating Properties Into a Limited Company
Dive into the advantages and tax considerations of incorporating properties into a limited company in the UK. Learn how this strategy can benefit property investors and optimize tax efficiency.
Benefits and Drawbacks of De-Enveloping UK Property
The article explores the practice of de-enveloping residential properties in the UK, discussing the benefits, such as ATED and ROE exemptions, cost savings, and simplified administration, while addressing drawbacks, including higher tax rates, SDLT liabilities, CGT implications, and legal complexities.
De-enveloping UK Property : Tax and Regulatory Considerations
This comprehensive guide discusses the process of de-enveloping UK property from offshore corporate structures, outlining regulatory changes, key tax considerations, available de-enveloping options, and the required documents, emphasising the importance of professional advice throughout the process.
Residence Nil Rate Band | Inheritance Tax Relief
This article delves into the Main Residence Nil Rate Band (RNRB), introduced in April 2017, offering an additional inheritance tax threshold for transferring the family home to direct descendants. It covers qualifying criteria, relief mechanisms, tapered withdrawal, and the transfer...
Cracking Down on Airbnb Tax Evasion: HMRC’s Latest Measures
This article covers HMRC's investigation into six years of income disclosure for UK Airbnb hosts, emphasising compliance with tax obligations. Hosts receiving letters are urged to voluntarily disclose undeclared income through HMRC's Digital Disclosure Service, with penalties based on cooperation.
Effortless Service Accommodation Management with UKPA
This article talks about the advantages of serviced accommodation for property owners, emphasising the pivotal role of management companies in overseeing operations, guest services, marketing, and financial management, while also addressing various accommodation types and associated support services like accounting,...
Tax Relief for First Time Buyers–Understanding the Rules in the UK
Are you buying a property for the first time? Learn about the possible tax reliefs that you could be entitled to in order to maximise the benefits.
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