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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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Capital Gains Tax (“CGT”) was introduced by Harold Wilson’s Labour Government in 1965. Its purpose was simple: To tax the profit or “gain” made on the sale or “disposal” of an asset by individuals. Companies do not pay CGT but instead any gain is taxable as part of their Corporation Tax bill. The original reason […]

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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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The Enterprise Investment Scheme offers generous income tax and capital gains tax reliefs to investors in certain companies. These reliefs are available to “qualifying individuals” who subscribe for “eligible shares” in “qualifying companies” undertaking “a qualifying business activity”. Simple, isn’t it? The purpose behind the scheme is to encourage investment in start up companies and […]

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The new Conservative/Lib Dem coalition government has just published the text of the Coalition Agreement made between the parties. Should you wish you may view this via the link below. The agreement states that it is the intention of the new government to increase the rate of Capital Gains Tax (“CGT”) for “non business assets”.  […]

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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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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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Capital Gains Tax (CGT) is a levy which may need to be paid when you sell certain types of asset, such as residential or commercial property, stocks and shares or other investments such as antiques, artwork – paintings, sculptures – and cars. Strictly speaking only individuals pay CGT but companies don’t escape as any gain they make […]

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