Tax lawyers are advising clients to make the most of a HM Revenue & Customs property tax amnesty for unreported gains from sold or gifted homes by August 2013. The Property Sales Campaign gives anyone who has sold or gifted Continue reading
The taxman is losing out on £550 million of landlord tax because a third of all buy-to-let owners allegedly fail to pay tax on rental profits. Research has revealed that around a million landlords failed to declare any earnings over Continue reading
Lawyers are urging married couples to change how they split rental profits to lower tax bills. HM Revenue and Customs (HMRC) is looking at rental properties that are jointly owned by a husband and wife who do not equally split Continue reading
Chancellor George Osborne is under pressure to slash capital gains tax (CGT) for landlords in the upcoming Budget. Experts from think tank the Adam Smith Institute reckon he could boost tax revenue and encourage economic growth by trimming CGT rates Continue reading
Landlord tax returns are often a cause of heartache and frustration – for property investors who make simple mistakes and end up tussling with HM Revenue & Customs. HMRC has a list of points that will be checked on the Continue reading
A High Court ruling designating holiday lettings as investment property and not a business – could affect inheritance tax for 100,000 owners. In the case, HM Revenue and Customs challenged whether a bungalow, near Aldeburgh, Suffolk, was classed as a Continue reading