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Finance & Accounting>Furnished Holiday Letting

Property repairs and maintenance – what can you deduct?

Anyone who owns a property will need to carry out repairs and maintenance from time to time. Where the property is let out, the question …

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Finance & Accounting>Furnished Holiday Letting

Tax implications of student lets

As the new academic year begins, for student starting or returning to university, the 2020/21 academic year looks very different to normal. While many students …

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Finance & Accounting>Furnished Holiday Letting

Exploiting the staycation trend – Buying a holiday let

Those looking to buy an investment property may wish to consider a holiday let. Not only do the second and subsequent homes benefit from SDLT …

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Multiple Houses
Finance & Accounting>Capital Gains Tax

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 …

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Selling a property under probate
Finance & Accounting>Inheritance Tax

With property prices varying wildly here’s what you need to know about selling a property under probate

Selling at property at below the probate value The property market is often volatile but throw a Coronavirus pandemic and a stamp duty holiday into …

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Property Transaction Charges
Finance & Accounting>Property Tax

Property Transaction charges reduced

In his Economic statement on 8 July 2020, Chancellor Rishi Sunak highlighted that property transactions fell by more than 50% in May, while house prices …

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