UK Airbnb Tax – Your Guide to Taxation and Property Accounting
The sharing economy has revolutionised the way we travel and experience new places. In the United Kingdom, Airbnb has emerged as a prominent platform for property owners to list their accommodations, whether it’s a spare room, an entire home, or...
Rental Income from House Property in India
Learn how rental income from house property is taxed in India. It explains that such income falls under the ‘Income from House Property’ category as per the Income Tax Act, 1961, and includes any advance payment or security deposit received...
HMRC Overseas Bank Accounts: Reporting and Tax Implications
Understanding taxation of Indian bank accounts for UK residents is crucial. Learn about tax implications, relief options, and disclosure requirements for overseas income.
Reducing Capital Gains Tax on Second Home Sales: Expert Strategies
It covers topics such as the computation of capital gain, the annual exemption, the private residence relief, the letting relief, and the allowable deductions for reducing CGT liability.
VAT On Commercial Property: What You Need to Know
Standard rate of VAT, currently 20%, is typically applied to commercial property transactions when the seller has opted to tax, or when new commercial properties are being sold or leased.
Capital Gain On Sale Of House Property In India
Are you planning to sell your house property in India and wondering how to calculate and save tax on the capital gain? Read this article to learn about the rules, rates, exemptions, and deductions applicable to different types of property...
Golf Holidays Worldwide Ltd.’s VAT – TOMS Treatment Revision
Golf Holidays Worldwide Ltd. challenges HMRC’s rejection of their VAT refund claim under the Tour Operator’s Margin Scheme (TOMS).
Tour Operators Margin Scheme (TOMS) and Serviced Accommodation
A guide to understand how TOMS can reduce VAT liability for businesses that provide travel accommodation services without material alteration.
VAT on Residential Property | Insights for Owners & Investors
This comprehensive guide navigates the intricate landscape of Value Added Tax (VAT) on residential property in the UK, highlighting distinctions between Zero-rated and Exempt supplies. It clarifies conditions for reduced VAT rates in renovation, offering crucial insights for stakeholders to...
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