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 […]
Managing the Impact of Capital Gains Tax Following a Property Sale
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. […]
Why A Property Company May Be A Bad Idea
Could new CGT rules offer investment opportunities for landlords?
Changing Your Mind – Property Trading Vs Property Investing
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 […]
Putting An Investment Property In Joint Names Before Sale
Capital Gains Tax Changes and what Impact they could have on the Property Market
Furnished Holiday Lettings: Is Your Property Special?
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 […]
Land & Property – Going On An Adventure?
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 […]