Tags » CGT

CONSULTATION ON 3% SDLT SUPPLEMENT ON SECOND HOMES FROM APRIL 2016

HMRC are consulting on the details of the higher rates of stamp duty land tax (SDLT) on purchases of additional residential properties announced in the 2015 Autumn Statement. 78 more words

Taxation

How developing your home could mean you lose Principle Private Residence Relief

We all try to improve our properties, but are we doing it with a profit motive?

TCGA92/S224 (3)

The purpose of private residence relief is to relieve gains arising on the disposal of an individual’s residence so that the whole of the disposal proceeds are available to be used to buy a new residence of a similar standard.

199 more words
Bicknell Business Adviser

Separation & Divorce

It is an unfortunate fact of modern life that many marriages do not survive.  Unfortunately it is around Christmas time and the New Year when most separations occur. 364 more words

CGT

Can you assign your property rents to a company?

This is a hot topic at the moment, here is the scenario…

You own a Buy to Let property personally but want to assign the rent to a specifically created company which you own. 386 more words

Bicknell Business Adviser

January 2016 Questions & Answers

Q. What is our IHT position following a change of ownership?

In 2014, my partner and I changed the ownership status of our house from joint tenants to tenants-in-common. 540 more words

Taxation

Can a Residential Property Investor use Incorporation Tax Relief?

There are many reasons why residential property investors are now rushing to incorporate, the biggest reason being the Restriction of Mortgage Interest Tax Relief.

Clause 24 of the Finance Bill sets out plans is to restrict individuals on claiming mortgage interest as a cost against their property investment income, for individuals it will work as follows… 415 more words

Bicknell Business Adviser

Will TAAR cause you problems on company distributions? (New Share Rules)

HMRC are currently consulting on new rules to start in April 2016.

The consultation is focusing on Capital Gains Tax (CGT) ways to extract money from companies to create Target Anti Avoidance Rules (TAAR) covering: 78 more words

Bicknell Business Adviser