Buying Property Through A Limited Company – The Pros and Cons
In this article, we explore the considerations and factors involved in deciding whether to buy property through a limited company or personally, highlighting the advantages and disadvantages of each approach, including tax implications, mortgage interest deductions, and access to tax...
Top 10 Tips for Avoiding Inheritance Tax in UK
The article discusses various strategies, including lifetime gifts, spousal transfers, exemptions, and the Residence Nil Rate Band, to minimize inheritance tax implications for those planning to transfer their estates to children.
VAT on Property: Transfer of Business as a Going Concern | TOGC
In this article, we explore Transfer of a Going Concern (TOGC) for VAT, a mechanism allowing business sellers and buyers to avoid significant VAT liability. We delve into the eligibility criteria, emphasising the importance of business continuity and specific conditions...
Do Landlords Qualify for The Home Office Tax Deduction?
This article discusses the opportunity for landlords managing a property business from home to claim a portion of running costs as a business expense. It explores methods such as AREA, TIME, or USAGE, and highlights the availability of simplified rates...
A Complete Guide on Land Remediation Relief
This article discusses Land Remediation Tax Relief in the UK, which offers up to a 150% deduction for cleaning and reclaiming contaminated land, promoting economic growth and environmental sustainability.
A Complete Guide to Annual Tax on Enveloped Dwellings (ATED)
This article provides information on ATED, an annual tax on UK residential properties owned by companies valued above £500,000. It outlines potential reliefs and emphasises that non-compliance may result in penalties. Read more to find out.
Mini-Budget 2022 : Tax Changes Not To Miss for Property Business
This article discusses the Mini-Budget 2022, covering doubled Stamp Duty thresholds, a 25% Corporation Tax increase, reversed income tax rate cuts, and planned investment zones, highlighting opportunities and challenges for individuals and corporations in the property business.
Jointly Owned Properties | Top Tax Saving Tips
The article outlines the tax implications of joint property ownership in England & Wales, covering Joint Tenancy, Tenancy in Common, default income splits, the use of Form 17 to change splits for married couples, and the strategy of transferring beneficial...
Tax on Airbnb Income
The article outlines UK tax considerations for Airbnb hosts, covering the Rent-a-Room scheme, Capital Gains Tax reliefs, VAT implications, recent changes for serviced accommodation businesses, and HMRC's campaign targeting undeclared income.
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