Tax - Land & buildings

Recently added Tips & Advice

PROPERTY - 08.07.2024

Improvement and finance losses and how to claim them

You’re making substantial repairs and improvements to your buy-to-let property. You’ve borrowed from the bank to finance the repairs and these loans will wipe out the profit for a few years. What tax relief are you entitled to and how can you claim it?
Read more

INCOME TAX - 24.06.2024

Two important tax changes dropped

New law. The Finance (No.2) Act 2024 (FA No 2) received Royal Assent and so became law at the end of May. The general election being called for 4 July meant there wasn’t enough time to include all the tax changes announced in this year’s Budget. ...
Read more

VAT - 24.06.2024

Selling a holiday home - what about the VAT?

Our subscriber owns a cottage which he lets as holiday accommodation. He plans to redecorate, make minor improvements and then sell the property. Can he reclaim the VAT on these costs and, if so, how will it affect the VAT position when he sells?
Read more

GROUPS - 19.06.2024

Moving property to a holding company: tax implications

One of your clients has recently put a holding company in place for asset protection purposes and is about to transfer a trading premises to it. What price should the transfer take place at, and what taxes do you need to consider?
Read more

PROPERTY - 12.06.2024

Holiday homes - RIP FHL?

The Spring Budget 2024 announced the abolition of the furnished holiday lettings regime from April 2025. What steps should you be considering to mitigate the possible tax consequences?
Read more

INHERITANCE TAX - 12.06.2024

Can cash savings in your company save IHT?

Our subscriber recently read a report about inheritance tax business property relief. It claimed that holding very large cash savings in a company can reduce the tax bill on your estate. Is this tactic something you should consider?
Read more
Tax - Land & buildings

Most read Tips & Advice

INCOME TAX - 24.06.2024

Two important tax changes dropped

New law. The Finance (No.2) Act 2024 (FA No 2) received Royal Assent and so became law at the end of May. The general election being called for 4 July meant there wasn’t enough time to include all the tax changes announced in this year’s Budget. ...
Read more

PROPERTY COMPANIES - 01.05.2024

New letting business: is a company worth using?

One of your clients has inherited a considerable amount of cash, and wants to invest in properties to let out. She has considered buying these through a company, but isn’t sure of any tax advantages. If she opts to buy the properties personally, could forming a company still help in a different way?
Read more

PROPERTY - 12.06.2024

Holiday homes - RIP FHL?

The Spring Budget 2024 announced the abolition of the furnished holiday lettings regime from April 2025. What steps should you be considering to mitigate the possible tax consequences?
Read more

See my Tips & Advice in ...


Enjoy full access to my Tips & Advice

Download the App

Cookie policy