Should I Incorporate to Avoid Section 24?
Many accountants suggest going the incorporation route to tackle Section 24, and it does come with its perks. But, hey, don't forget to watch out for the potential downsides too.
Transferring Your Property to Spouse as Solution to Section 24
To navigate Section 24, consider sharing ownership with your spouse, especially if they're in a lower tax bracket. It's a savvy move to ease potential tax impacts.
A Complete Guide on Non-Resident CGT (NRCGT) Returns
Non-resident property sellers must file NRCGT returns within 60 days. UK Property Accountants simplifies compliance, covering historical changes, calculation rules, relief options, and temporary non-residence conditions. Understanding reporting obligations is crucial for efficient compliance.
A Complete Guide on Non-Resident Company Tax Return
Non-resident company landlords transitioned to the UK corporation tax regime from April 6, 2020, with accounting periods aligning with financial statements. The tax rate is 19%, rising to 25% from April 1, 2023. Filing the Corporation Tax Return (CT600) within...
Capital Gains Tax – A Complete Guide
Managing capital gains tax is vital for UK property owners, including second homes and buy-to-let properties. Rates depend on factors like asset type and income, with exemptions available. Non-UK residents selling UK property face the NRCGT regime, requiring timely reporting...
