Archive for 'Property'
You Can Reclaim Inheritance Tax
I was talking to an Independent Financial Advisor a couple of days ago and in conversation asked him how he was getting on winding up the estate of a mutual client who died about 18 months ago. “Fine”, he said, “but it looks like we have paid too much Inheritance Tax on the house” – [...]
Full StoryWhat is Real Estate?
The simple definition of real estate is “ A piece of land, including the air above it and the ground below it, and any buildings or structures on it.” The legal definition, at least in those countries such as the which are or were part of the British Empire or Commonwealth (and thus whose legal [...]
Full StoryUK Budget Bombshell for Second Home Owners
A shock announcement in the small print of this year’s budget has left thousands of UK farmers and second home owners reeling at the loss of tax breaks without which they may have to sell up. Not a good thing in a falling market. But it could benefit owners of foreign holiday property. Buried deep [...]
Full StoryUp to a Million Landlords Targeted by HMRC
New Powers Come Into Force Next April As part of a drive to track down tax evaders, up to one million landlords could be subject to investigation from HM Revenue & Customs (HMRC) who aim to identify those landlords who are not paying the correct amount of tax. HMRC say that in their experience many [...]
Full StoryUsing a Limited Company to Save Property Tax
Deciding on whether it would be beneficial for a property investor to use a Limited Company can be quite complicated. A lot will depend on your personal circumstances but also on what type of property business you are engaged in. For example if you buy property to renovate and then sell on at a profit [...]
Full StoryResidential Property in SIPPs
Gordon Brown is a serial offender. Master of the U-turn. And every time he does turn he blames other people for the financial chaos he has caused. We all know about the debacle over the abolition of the 10p tax rate and the criticism heaped on Gordon Brown. Rightly so. He only has himself to [...]
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