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Watching George Osborne’s 2012 Budget speech on TV I cringed at some of the ideas that he came up with, not because they might not have points to recommend them, but because Osborne didn’t seem to realise that they gifted the opposition, the media, and some of his own party, opportunities to mock and attack […]

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Keen readers of this blog will have noticed several articles over the last 18 months regarding changes to the tax treatment of holiday lettings. The first of these was UK Budget Bombshell for Second Home Owners (April 2009). This article highlighted a proposal hidden away in the small print of Alistair Darling’s 2009 Budget. This […]

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Since I first raised this issue in April of last year (see UK Budget Bombshell for Second Home Owners) I have had occasion to return to the subject several times. To recap, as part of the 2009 Budget, measures were slipped into the small print of the budget by the then Government to withdraw the […]

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Back in April of this year Alistair Darling slipped a shock announcement in the small print of his Budget statement. I reported these in a previous post UK Budget Bombshell for Second Home Owners. You should read the earlier post for full details but basically Mr Darling announced that with effect from April 2010, the […]

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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 […]

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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 […]

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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 […]

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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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