Reform of landlords’ taxation?

Reform of landlords’ taxation? The government’s plans to allow landlords to use the cash basis for tax purposes were confirmed in the 2017 Spring Budget, but although the proposed legislation was included in Finance Bill 2017, it did not appear in the much...

ATED – New Property Tax

The annual tax on enveloped dwellings (ATED) came into effect on 1 April 2013. This new property tax applies to residential properties in the UK worth over £2 million, which are owned by a non-natural person, such as a company, trust or partnership that includes a...
Buy to let tax

Buy to let tax

Here are some of the main points to be aware of regarding buy to let tax… The income is treated as the profits of a Property Income Business. If the owner of the property is an individual or a trust the profits are charged to income tax for the tax year to 5th...
Capital Gains Tax On Property Which Has Been Your Home

Capital Gains Tax On Property Which Has Been Your Home

An individual is normally exempt from capital gains tax on property sold which was the individual’s home, with neither a taxable gain or loss arising. This is certainly the case where it has been the individual’s only or main residence throughout the...

Property Letting Business Tax Reliefs

Newsletter issue – June 2013. Sign up to receive the monthly tax news and tips. The tax treatment of property letting businesses is not consistent across all taxes and tax reliefs. It’s not logical, but just because a property letting business qualifies...