Tax implications you should know about when you are in the unfortunate situation of Separation or Divorce

Separation, divorce, and private residence relief Where a couple separate or divorce, one party may move out of the matrimonial home, with the other party buying them out. This could…

Continue Reading Tax implications you should know about when you are in the unfortunate situation of Separation or Divorce

More than one home? Check which one qualifies for private residence relief

Private residence relief removes the charge to capital gains tax on the taxpayer’s only or main residence. For the purposes of the relief, a taxpayer can generally only have one…

Continue Reading More than one home? Check which one qualifies for private residence relief

If you’ve read anything about property and tax, you’ll probably have heard the terms ‘nominating your main residence’ and ‘flipping’. This blog takes you exactly what these terms mean and how and when they apply.

Private residence relief shelters a gain on the sale of a residence from capital gains tax while the property has been the owner’s only or main residence. Where a property…

Continue Reading If you’ve read anything about property and tax, you’ll probably have heard the terms ‘nominating your main residence’ and ‘flipping’. This blog takes you exactly what these terms mean and how and when they apply.

Today’s blog covers the serious curtailment to letting relief for landlords coming April 2020 – read more here.

Curtailment of letting relief Landlords have been hit with a number of tax hikes in recent years, and this trend shows no signs of abating. From 6 April 2020, lettings…

Continue Reading Today’s blog covers the serious curtailment to letting relief for landlords coming April 2020 – read more here.

Do you have a second home? You might want to sell up before April 2020!

Private residence relief and the final period exemption From a capital gains tax perspective, there are significant tax savings to be had if a property has been the owner’s only…

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For grandparents wanting to help out their children or grandchildren, habitual gifts can be made free of inheritance tax. Read more on our blog post.

Give from income to save inheritance tax Within a family scenario, there are many situations in which one family member may make a gift to other family members. However, the…

Continue Reading For grandparents wanting to help out their children or grandchildren, habitual gifts can be made free of inheritance tax. Read more on our blog post.

If you might want to sell a property cheaply to a family member make sure you read this first.

At first sight, the calculation of a capital gain or loss on the disposal of an asset is relatively straightforward – simply the difference between the amount received for the…

Continue Reading If you might want to sell a property cheaply to a family member make sure you read this first.