Can I Live in My Buy-to-Let Property?
A buy-to-let property is acquired with the intention of renting it to tenants. Generally, the property owner is not permitted to reside in a buy-to-let property. However, there may be circumstances under which living in such a property is allowed....
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...
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.
