Posts Tagged: tax planning tax consultant

In today’s article, you will learn about how the relationship between joint owners of property affects tax.  (3 minute read) We will cover: The different types of joint ownership and how they affect tax What are joint property elections and how you can benefit Relationship between owners The relationship between joint owners affects Income Tax, Capital… Read more »

If you are a non-UK resident who owns UK property, this breaking news is of relevance to you.  (2 minute read) Breaking News HMRC are launching a new campaign to tackle tax avoidance, which particularly affects offshore corporates who own UK property.  HMRC have told the CIOT (Chartered Institute of Taxation) that non-resident corporate owners… Read more »

CGT can be a confusing topic for many people who have sold property. Find out more about why this affects thousands who pay late penalty fees and what you can do to avoid this. (3 minute read) We will cover: Capital Gains Tax Advice: what is the latest legislation Why thousands of tax payers were liable… Read more »

If you don’t pay your CGT on time, you will get late penalty fees. Find out more about how to avoid this and the current regulations. (4 minute read) When selling a property, but also when exchanging it, transferring it, or gifting it to someone else, you might make gains on it, i.e., capital gains…. Read more »

Find out how much Stamp Duty you need to pay in this article, along with some other questions you might have. (4 minute read)  Can you pay stamp duty in instalments and other questions answered. We will cover: What is SDLT and much you have to pay How you can pay Stamp Duty and know… Read more »

In this article, you will find out more about Stamp Duty Land Tax (SDLT) for mixed use property purchases. (4 minute read) Following up on last week’s topic, in today’s Tax Tip we cover the topic of stamp duty in mixed use properties.  We will cover: What is residential, non-residential and mixed use property How… Read more »

In this article, you will find out more about Stamp Duty Land Tax (SDLT), and when you can claim relief. (3 minute read) We will cover: When to claim Stamp Duty relief according to government guidelines How buyer status affects tax and surcharge amounts Introduction Homeowners purchasing properties are liable to pay HMRC Stamp Duty… Read more »

Wondering what are the pros and cons of being VAT registered? Read our article to find out more about what is means to register your business for VAT. (5 minute read) Today’s tip will cover: Pros and cons of being VAT registered Important guidelines for registering to the HMRC Introduction Have you ever wondered if… Read more »

The government is due to relax CGT on divorce, giving couples more time to make property transfers. (3 minute read) Today’s tip will cover: When you pay CGT on divorce How changes to legislation will impact property transfers during divorce CGT on Divorce Divorce is not easy, and there are many issues to be concerned… Read more »

Gifting investment properties might seem like an easy choice to lower your IHT, but it could be costlier than you think. (3 minute read) Today’s tip will cover: Why gifting investment properties can be tax inefficient How to pass on property whilst lowering Inheritance Tax Approaches to IHT Planning There are lots of ways to… Read more »