4 02, 2020

Tax Tip Tuesday! Can I gift to my children tax efficiently during my lifetime to mitigate inheritance tax?

By |2020-02-04T14:26:14+00:00February 4th, 2020|Inheritancs tax, Property, Tax|

"I want to gift property to my children now rather than waiting till my death.  How will this affect my tax position, especially considering  there are planned changes coming in April to capital gains tax?" Good question! There is much anticipation of tax changes coming up in the UK Budget on 11 March, and the expected changes in capital gains is one of them. To be clear, in tax terms, [...]

4 10, 2019

Buy-to-let landlords Act Now – Capital Gains Tax Payment Changes Looming

By |2019-10-04T08:39:05+00:00October 4th, 2019|Property, Tax, Trusted Adviser|

Do you own a buy-to-let or an investment residential property? If so, are you aware of the payment changes coming into force very soon in the next tax year, on 5 April 2020, which directly impacts capital gains tax due on your property disposal?  Read on to learn what you need to do now to avoid unnecessary penalties. It is important that you work closely with an accountant to understand [...]

2 10, 2019

Your Guide to the New Inheritance Rules

By |2019-10-02T12:46:32+00:00October 2nd, 2019|Inheritance Tax, Property, Tax, Trusted Adviser|

The rise of property prices across the UK has lead to an increase in the number of people being caught out with a large Inheritance Tax liability hanging over their heads. If you are looking to safeguard your hard earned wealth for your children and future generations, you will need a basic understanding of how the Inheritance Tax (IHT) rules could affect you.  IHT is often viewed as a tax [...]

29 08, 2019

Stamp Duty Tax: Buyer to Seller Tax Implications

By |2019-08-29T15:00:30+00:00August 29th, 2019|Property, Tax|

Just before becoming Prime Minister, Boris Johnson proposed Stamp Duty Land Tax (SDLT) should be liable by the buyer not the seller of a property.  We review this scenario in detail and consider who, if anyone bar the taxman, would benefit from such a change to the property market. Currently, where a property is purchased the buyer is liable to pay any SDLT due on the purchase.  The premise to [...]

27 08, 2019

Landlords: Your Tax Position is changing

By |2019-08-27T09:07:12+00:00August 27th, 2019|Business planning, limited company, Property, Tax|

Building your business around owning and renting property can help build immediate cash flow as well as long-term a view to retirement.  These are the benefits of being a landlord but you should also consider your tax position as a landlord, as the tax rules around buy-to-let properties are changing.  Landlords, your tax position is changing, read on to find out more. Perhaps the most obvious benefit of being a [...]