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Property Tax UK

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    Here are the 12 strategies our tax experts are sharing with you as part of your free trial:

    • New Landlord Mortgage Interest Relief Rules – Who Pays?
      The restriction for landlords in the deduction of residential property finance costs (e.g. loan interest) to the basic rate of income tax, which is being phased in over a four-year period commencing from 6 April 2017. Mark McLaughlin looks at the payment of loan interest by landlords from joints accounts between spouses or civil partners…
    • Common Mistakes That Increase Landlord Tax Bills
      Sarah Bradford has written an article in which she takes look at common tax mistakes and gives the impact of them using case studies.
    • CGT Challenges When Incorporating A Property Business
      Lee Sharpe looks at some capital gains tax issues for buy-to-let landlords contemplating the incorporation of their property business and gives some helpful pointers...
    • Replacement Of Domestic Items Relief – More Complication?
      The wear and tear allowance for fully furnished lettings was repealed with effect from 1 April 2016 for corporation tax and 6 April 2016 for income tax.  It was replaced by a new relief for the replacement of domestic items. Lindsey Wicks examines the guidance available for landlords and their advisers, as the first tax year in which this relief applies draws to an end...

    • Selling Your Garden Separately – Does Private Residence Relief Apply?
      Where private residence relief (PRR) is available, it prevents a capital gains tax liability from arising on the sale of a home that has been the taxpayer's only or main residence throughout their period of ownership. If the property has not been their only or main residence throughout, some of the gain may, subject to the availability of other reliefs, may fall into charge. Sarah Bradford explores whether private residence relief is available if you sell some or ...
    • Late Tax Returns: Expecting Sympathy From HMRC?
      Most individuals are aware that if tax returns are not submitted to HM Revenue and Customs (HMRC) by the statutory filing date (normally 31 January following the relevant tax year), penalties will generally be payable.  However, no penalty arises if the person satisfies HMRC (or the tax tribunals) that there was a reasonable excuse for the late return.  Mark McLaughlin points out taxpayers who file their tax returns late may get more sympathy from the tax tribunal than HMRC...
    • Incorrect Tax Advice: A Cloud With A Silver Lining?
      Tax is a complicated matter, and tax return errors sometimes arise. Mark McLaughlin points out taxpayers may sometimes be able to rely on professional advice as an escape from a penalty for a careless tax return error if that advice turns out to be incorrect...
    • A Controversial Landlord Tax Manoeuvre?
      An article which appeared in the national press recently has certainly been making some waves in the tax world. It concerned what was described as ‘a controversial tax manoeuvre’ under which a property portfolio that was subject to mortgages could be transferred to a limited company without having to rearrange all of the mortgage finance. Alan Pink comments on a report in the national press about arrangements intended to transfer a mortgaged property portfolio to a company without having to re-arrange all of the mortgage finance...
    • When Does Incorporation Stack Up For Landlords?
      A BTL investor should only incorporate his or her business if there is good reason to do so. Lee Sharpe looks at the main issues to bear in mind for buy-to-let landlords contemplating the incorporation of their property business...
    • A Tax Checklist On Buying A Property
      The stress involved with arranging finance, chasing your solicitor, chasing your vendor, and wading through reams of ‘searches’ and so on, shouldn’t deflect your mind from considering the potentially very important tax aspects surrounding acquisition of a property. Alan Pink offers a helpful list of tax issues to consider when considering property purchases...
    • Corporate Landlords And The ‘ATED’ Trap
      ATED – short for ‘annual tax on enveloped dwellings’ – is a three-pronged instrument to counter certain tax schemes to avoid SDLT by individuals using a corporate vehicle to acquire a property, which they intend to use as a home. Satwaki Chanda looks at the annual tax on enveloped dwellings rules and how they affect corporate landlord...
    • Are Buy-to-Let Investors ‘Caught’ For Income Tax On Property Gains?
      The passage of the Finance Bill 2016 saw some rather late anti-avoidance legislation to tackle the development of, and/or trade in, UK land or property via offshore entities. The Law Society saw fit to step in and challenge the government on its intentions in relation to UK property investors. Lee Sharpe looks at whether or not landlords should be concerned following the late introduction of some wide-ranging legislation on transactions in the UK in the Finance Act 2016...
    • Property Tax Insider: Tax Tips
    • Property Tax Insider: Your Property Tax Questions Answered by Arthur Weller

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