Landlord loopholes: how to sell your buy-to-let property and pay less tax in 2022

She added that HM Revenue & Customs would quickly disqualify someone from Private Residence Relief if it seemed as though they had simply moved into the property to pay less tax. Chris Etherington of RSM, another accountancy firm, said moving... Read more

Post-Brexit £20,000 tax windfall if you own a second home in France

British taxpayers who own property in France have been given the greenlight to claim back thousands of pounds in overpaid duties, in a post-Brexit windfall for second home owners. The French tax authority said it will reverse post-Brexit tax rises... Read more

Landlord loopholes: the most tax-efficient ways to invest in buy-to-let property in the UK

There are two reasons for this. It may be because the lower-earner is not using their full personal allowance or because they are in a lower tax bracket. “Similarly, if one of them is a higher-rate taxpayer and the rental... Read more

Landlord loopholes: how to sell your buy-to-let property in the UK and pay less tax in 2022

She added that HM Revenue & Customs would quickly disqualify someone from Private Residence Relief if it seemed as though they had simply moved into the property to pay less tax. Chris Etherington of RSM, another accountancy firm, said moving... Read more

Landlord loopholes: how to sell your buy-to-let and pay less tax in 2022

She added that HM Revenue & Customs would quickly disqualify someone from Private Residence Relief if it seemed as though they had simply moved into the property to pay less tax. Chris Etherington of RSM, another accountancy firm, said moving... Read more

Landlord loopholes: how to sell your buy-to-let and pay less tax

She added that HM Revenue & Customs would quickly disqualify someone from Private Residence Relief if it seemed as though they had simply moved into the property to pay less tax.  Chris Etherington of RSM, another accountancy firm, said moving... Read more

Landlord loopholes: the most tax-efficient ways to invest in buy-to-let

There are two reasons for this. It may be because the lower-earner is not using their full personal allowance or because they are in a lower tax bracket. “Similarly, if one of them is a higher-rate taxpayer and the rental... Read more

Knock thousands off your tax bill with these self-assessment loopholes

Millions of self-employed workers are yet to submit their tax returns, despite the deadline being just weeks away.  HM Revenue & Customs said just 7.6 million taxpayers have filed their annual self-assessments this year, out of more than 12 million... Read more

Record number of landlords cut tax bill by setting up new companies

Landlords also now face a 3 percentage point stamp duty surcharge on purchases and have been stripped of other tax breaks which had allowed them to claim allowances for wear and tear in their properties. Company structures allow landlords to... Read more

Landlord loopholes: how buy-to-let investors can reduce tax due on their income

A looming tax change threatens to squeeze buy-to-let profits at a time when many landlords are still struggling with lost rental income in the wake of the pandemic. The sector narrowly avoided another stamp duty tax rise last year, with the Chancellor pulling... Read more

How to avoid an unwanted capital gains tax bill when downsizing

Soaring house prices and record demand for detached family homes mean many downsizing older homeowners will receive enormous windfalls when they sell up. But the cash generated could be considerably less than they banked on. A capital gains tax trap... Read more

How landlords can save money when selling a rental property with this buy-to-let tax loophole

She added that HM Revenue & Customs would quickly disqualify someone from PRR if it seemed as though they had simply moved into the property to pay less tax.  Chris Etherington of RSM, another accountancy firm, said moving into a... Read more

Do I have to pay capital gains tax when I gift a property?

There is an annual allowance of £12,300. Any gain above this is taxed at 18pc for a basic-rate taxpayer or 28pc for a higher-rate taxpayer.  In the vast majority of cases CGT is not payable on gifts to a husband, wife,... Read more

Buy-to-let tax loopholes: how landlords can keep more of their income

Landlords will still be struggling with lost rental income property investors tackle a near-£400m rent debt blackhole in the wake of the pandemic. Coronavirus and successive lockdowns hammered tenants and hit landlords’ rental income hard, creating a backlog of payments worth £360m,... Read more

How to avoid the capital gains tax trap when downsizing

Record house prices and a surge in demand for detached family homes mean many downsizing older homeowners will receive enormous windfalls when they sell up. But the cash generated could be considerably less than they banked on. A capital gains... Read more