Removing an Overseas Entity – A Complete Guide
The Register of Overseas Entities (ROE) plays a pivotal role in the government’s efforts to increase transparency in the ownership of Overseas Entities that own UK land or property. It mandates that Overseas Entities possessing UK property or land disclose...
Sole trader vs Limited Company – A Strategic Guide for Traders
Whether you are trading a property through a limited company or through individual trading, there are many aspects that one needs to be careful of. To avoid any unnecessary hassle, we are going to delve into understanding what these circumstances...
A Complete Guide to Stamp Duty Refund
The UK government imposes Stamp Duty Land Tax (SDLT) on the acquisition of land and properties over a specified threshold value. SDLT is a crucial aspect of property transactions, often representing a significant expense for buyers. However, many may not...
Espalier Vs HMRC: Higher SDLT & Mixed Used Property
The Espalier Ventures Property (Lansdowne Road) Ltd. vs. HMRC case underscores the higher Stamp Duty Land Tax (SDLT) rate application, ruling that garages were part of a dwelling under the FA03 Para 18(3) and rights to communal gardens were linked...
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.
Landlord Accountant: Why they are vital for Landlords in UK
A UK landlord accountant is vital for property owners, handling tax compliance, rental income management, expense tracking, legal compliance, and financial analysis. They offer expertise in navigating the complex UK tax system, ensuring optimal deductions, and providing strategic advice for...
UK to Double Second-Home Owners’ Taxes for Affordable Housing Boost
UK government mulls increasing property taxes on second homes to fund affordable housing, sparking debate amid the nation's housing crisis.
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...
Amarjeet Mudan & Tajinder Mudan v The HMRC Commissioners
This article covers Mr. and Mrs. Mudan's Stamp Duty Land Tax (SDLT) case, where HMRC sought a higher residential rate. The tribunal ruled in favor of the Mudans, considering the property's derelict state and the necessity for renovations, establishing it...
By using this website, you agree to our use of cookies to enhance your experience.
For more information, please see our Cookie Policy.
Close