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Letting a UK property? An Update on Property Tax…

2nd September 2018

There have been a number of developments for those letting UK property with new approaches to deadlines when paying Capital Gains Tax, a proposed extension on the time limit for investigating those with offshore funds and restrictions on Rent-a-Room relief. Deadlines for Payment of Capital Gains Tax (CGT) From April... read more

Posted in: Capital Gains Tax, Tax

Unclaimed UK Estates May Total Billions

15th August 2018

According to the latest figures from the UK Government, there are currently 9,254 unclaimed estates in the UK. With the average value of an estate worth around £150,000, the amount of this unclaimed inheritance could total billions. Sadly this situation means that property, money, personal belongings and other assets... read more

Posted in: Estate Planning

New Tax Allowance for Those Letting Property

31st May 2018

A new £1,000 allowance for property and trading income came into effect during 2017/18. The allowances are of most benefit to micro-entrepreneurs, such as those with secondary incomes who, for example, let property through sites such as Airbnb and trading via e-marketplaces. The allowance can be claimed against property/trading... read more

Posted in: News

Foreign Property Owners Tax

20th November 2013

Foreign Property Owners Tax Taxing high earners, or those who own high value UK property, is a topic which is regularly debated by UK Government. Recent press reports have suggested that the Chancellor may be considering a new tax which will target non UK residents who own property in... read more

Posted in: News, Tax

Non-Doms

9th September 2013

Non-Doms HMRC are currently sending letters to taxpayers whose Tax Returns for 2011/12 claimed the remittance basis of taxation. These letters are an ‘educational exercise’ by HMRC and have caused much controversy.  The idea of the letter is to outline that this is a complicated area of tax and... read more

Posted in: News, Tax