Expenditure on altering or improving dwelling houses has never qualified for capital allowances. Landlords of furnished buy-to-let properties were previously able to compensate for this to some extent by claiming the wear and tear allowance. The wear and tear...
In the UK property market, it is common for a buyer to incur Stamp Duty Land Tax (SDLT) charges related to the value of their acquired home and personal circumstances. However, some situations can result in incorrect payments of SDLT and allow buyers to claim back...
Selling a property in the UK can be great financially, but it also comes with important tax responsibilities. Many property owners understand they need to pay tax when they make a profit. But the real challenge lies in knowing exactly how to report and pay capital...
Dubai continues to attract UK entrepreneurs thanks to its strategic location, world-class infrastructure and competitive tax environment. While the UAE has introduced corporate tax in recent years, it remains one of the most business-friendly jurisdictions globally....
It is very important for anyone investing in property, whether a landlord or running a business, to understand what the implications of stamp duty will be when purchasing property via a limited company structure. Although there can be tax benefits with a limited...
Becoming a landlord can be a smart way to build long-term wealth, but there is one thing that catches many property owners off guard i.e rental income tax in the UK. HMRC demands its share of the profit you earned. That’s why it is necessary to understand tax on...
When purchasing a second home for either investment, rental, or personal use, it is usually a sound financial investment. When you sell a second home for a capital gain, there is a very high probability that you will have a capital gains tax on the profit you made...
Inheritance tax is no longer limited to the wealthiest individuals. With the rise in property and asset values, as well as the freeze on tax bands, many more individuals and company owners can be liable for Inheritance Tax when their estates pass. The current...
In England, the debt for council tax payments has reached its highest level ever. It emphasises the growing financial load on families and raises fresh considerations about the need to reform the current collection process. At a time when people are facing increased...
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