Claiming previous owners allowances
Loved the webinar today, I have been playing with the idea of commercial conversions for some time. The current climate only enforces my thoughts and todays webinar really helped springboard my...
View ArticleInheritance
Hi folks! Just a quick question.. Does anyone know if I were to purchase property with cash given to me by my parents would this money considered as inherit tax? I understand the taxman can only go...
View ArticleCapital gains tax on sale of foreign property
I would be grateful for any feedback on the following: I and my two adult children are UK residents and own a property in Italy we want to sell. We did not buy this property but inherited it from my...
View ArticleTax breaks on second homes?
Have the rules changed regarding tax breaks on second homes?
View ArticleHelp
So my grandmother inherited a duplex that was built in 1997 from my great-grandfather after he passed . My grandmother rented out the place until 2005 when it caught on fire and she basically got...
View ArticleAdvantages of Timely and Accurate Accounting
When handling finances, accuracy is extremely important. But, THE most important thing in money handling is TRUST. Trust in making sure you get your reports on time, tenants will be billed regularly,...
View ArticleStamp duty time scales
Hi, I am contracted to purchase a property, but sadly due to a change in circumstances I will have to sell the property immediately. I think I have found a cash buyer to buy the property from me -...
View ArticleHave you considered tax planning with your property investments?
More and more it is becoming essential that those invested in property should do so alongside the most tax efficient vehicles and tax efficient methods. Whether looking to shield from excessive income...
View ArticleProperty Tax
Hi After purchasing a 2 bed apartment, in Hurghada, I am trying to find out, about whether you have to pay property tax ?, the apartment cost £19,000.00p, also what is the process of paying tax, if you...
View ArticlePaying Stamp Duty Tax for a property abroad
Hello, If you need to buy a property in the UK and you own a property abroad, what documents in relation to that property do you need to present to be able to pay the Stamp Duty tax? Also, if you sell...
View ArticleNewbie- buy and renovate privately or through a company?
Hi all, Quick background I am a stay at home mum My husband works full time We have recently moved to Scotland and live in military accommodation, we sold our house and I had to quit my job due to...
View ArticleOverseas property is owned by a ltd, do I need to pay second home stamp duty...
I've had a good old rumage around the interweb but can't seem to find advice. Of course, I'll discuss all of this property with someone qualified to do so, but: If my overseas property is owned by a...
View ArticleCan I avoid paying tax on my overseas apartment?
I own an apartment overseas which I bought in 2008 and used to live in it. I moved back to the UK in 2020 and wondering if there is a way to avoid paying tax on it or at least reducing the tax. It is...
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Starting a Ltd Company and looking for the right financial team.
Hello, I am relatively new to property, I have bought and sold a couple of properties that I have lived in but not really as a business. I am now looking to create a portfolio of buy to let properties....
View ArticleCGT and PPR relief question
Hi, I’m wondering if anyone can help me with some knowledge. I purchased my home in 2008 and have lived there since then. I got married in in 2018 Me and my wife built a house nearby (35/40 minutes...
View ArticleWhat software to manage buy-to-let accounting/tax aspect
Hello , loan rates, stamp duty, fees, re-mortgage, dates etc. Plenty to manage, I would like to ask you to share if there is app/software that would cover these elements in UK? So far i have been using...
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