Blog
Giving away the family home – beware the gifts with reservation rules
You might think gifting your family home to a family member before your death helps them avoid paying inheritance tax, but there are pitfalls some of which we explore in this article. #inheritancetax #propertytax
What qualifies for private residence relief?
Private residence relief shelters any gain on the sale of your home from CGT. This article explains when the relief applies. #ppr #pprrelief
Different lets, different tax rules
Find out about the differences in the way traditional residential lets and holiday lets are taxed. #FHL #propertytax
Identifying a UK property rental business
There are four different types of property business, and each are taxed differently. In this article we define each business type and explain what you need to know about their tax treatments. #propertytax #landlord
Can you benefit from rent-a-room?
You can potentially earn rental income tax-free if you let out a furnished room in your own home. Learn more about the rent a room scheme in this article. #propertytax #rentaroom
Making use of the property income allowance
You can earn a small amount of income from your properties tax-free. Make sure you’re benefiting from the property income allowance by reading this article. #propertytax #landlords
Taxation of Buy to Let Properties
The income is treated as the profits of a Property Income Business. If the owner of the property is an individual or a trust the profits are charged to income tax for the tax year to 5th April. If the owner is a company the profits are charged to corporation tax for the accounting period of the company.
Using a Limited Company to Save Property Tax
The analysis of whether it is beneficial for a property investor to use a limited company can be complex and this helpsheet aims to identify some of the key advantages in considering a limited company for this purpose.