The UK Real Estate Market and Its Related Taxes
There are a lot of taxes that you have to pay if you are involved in the UK Real Estate Market in a variety of different fields.
Overseas Entities Owning UK Property: A Tax Compliance Guide
Learn about the range of applicable taxes after completing the register of overseas entities process in the Companies House.
Incorporation Relief – Transfer of Liabilities
This article talks about the complexities of transferring liabilities during the incorporation of a property partnership business into a limited company, discussing key considerations, incorporation relief qualifications, and methods such as novation and indemnity to ensure a smooth transition.
Private Residence Relief – A Complete Guide
This article explains Private Residence Relief (PRR), a capital gains tax exemption for property sales when the property is your primary residence, covering eligibility conditions, calculation methods, and scenarios such as owning multiple properties or nominating a main residence.
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...
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.
