At the moment I’m counting down the days with some excitement until I complete my next property purchase. Mind you, as the solicitors are being extremely slow, I’m slightly nervous that the deal may fall out of bed yet. It’s one of those strange situations because I can’t see any […]
Mark McLaughlin highlights a recent case illustrating the importance of being able to demonstrate that a joint tenancy of property has been severed. Joint asset ownership (e.g. in a property) is an important issue for inheritance tax (IHT) and estate planning purposes, particularly between married couples and civil partners. The […]
How would you like to know how to lose a lot of money? Or have an empty property with no tenants and you are on the verge of repossession. Sure. Why not? We don’t want to lose a lot of money but we sure want to know how it’s possible […]
I realise I need to be careful because if I say I usually have little sympathy for my tenants or, for that matter, any tenants, I might be accused of being an uncaring, exploitative and manipulative landlord. However, I suspect that like many landlords, I often find I have a […]
The capital gains tax (CGT) legislation which provides for relief on the disposal of a private residence includes a provision (in TCGA 1992, s 224(3)) which appears to deny the normal exemption for capital gains on a ‘main residence’ if you hoped to sell it at a profit when you […]
The fisherman’s story of the one that got away is something of a cliché, and it’s perhaps the same in property. I’d guess all of us have stories of the deal we missed out on which, if it hadn’t slipped through our fingers, would have changed the whole course of […]
The capital gains tax (CGT) legislation which provides for relief on the disposal of a private residence includes a provision (in TCGA 1992, s 224(3)) which appears to deny the normal exemption for capital gains on a ‘main residence’ if you hoped to sell it at a profit when you […]
As a baby You made tons of mistakes. (Just stay with me here..) Trying to walk, falling, getting up, trying again, and falling.. Perhaps you bumped your head, cried and tried to be more careful. Imagine You decided to give up walking altogether? “This walking thing just isn’t gona’ work, […]
Mark McLaughlin looks at gifts of interests in investment property, and an important exception to the inheritance tax ‘gift with reservation’ anti-avoidance rules. Inheritance tax (IHT) is sometimes labelled a ‘voluntary tax’. This is probably based on the premise that IHT can be avoided by giving everything away and surviving […]
I know sometimes life can get tough. I know You can get in a pickle and barely have a penny to get by. I know this because when I started my property journey I was in £30,000 credit card debt. You see, I hardly had any money and the credit […]
