I’d like to share with you how you could sell property using a purchase lease option. Now I’ve been investing in property since 1995, and I’ve got a number of properties in my portfolio, which I bought at the time, seemed to be like a good idea. But if I […]
In identifying ways to cover the considerable costs brought about by the pandemic of 2020, Chancellor Rishi Sunak has suggested a substantial raise in the amount of tax levied on capital gains. Higher-rate taxpayers will be amongst those who are hit hardest, if this report is to come to fruition. […]
The Tax Insider Team considers the drawbacks of the popular property holding company structure – and considers a possible alternative. Of course, there are other reasons, not related to tax, why you might want to set up a limited company to hold a property portfolio. But we’re going to stick […]
With house price growth slowing down and prices even falling in some areas, there is an argument that it is a buyer’s market for buy to let investors. Changes to Capital Gains Tax (CGT) could fuel property changing hands between landlords. In the Autumn Budget of 2018, Chancellor Philip Hammond […]
Alan Pink considers the tax charges that can arise when a trading property becomes an investment and vice versa. Tax planning for property can be fraught with problems, particularly in relation to the all-important question of whether a property-based activity is trading or investment for tax purposes. The distinction is […]
Sarah Bradford looks at when it can be beneficial to transfer an interest in an investment property to a spouse or civil partner prior to sale. The tax system affords some tax breaks to married couples and civil partners and it is possible, depending on personal circumstances, to use these […]
When announcing the Autumn Budget in 2017, the Chancellor made clear his plans to include capital gains made by non-residents when selling UK property within the bounds of UK tax. The reason for this is to ensure that there is one single system for the sale of both commercial and […]
Mark McLaughlin highlights a potential capital gains tax advantage of a qualifying furnished holiday lettings business compared with other property rental businesses. Individual taxpayers who are residential property landlords will be aware that a profit on disposal of a property will normally be subject to capital gains tax (CGT). For […]
Mark McLaughlin points out that determining whether a land or property transaction is trading may not be straightforward. The UK’s tax legislation is very often unclear when it comes to the treatment of certain events or transactions. For example, a potential ‘grey area’ is the tax treatment where an individual […]
Following a period of consultation, legislation is to be included in the 2015 Finance Bill which will extend capital gains to gains accruing to a non-resident person on the disposal of a UK residential property. The charge will apply from 6 April 2015 to gains arising on or after that […]
