Buy to let and shared house landlords are being urged to tell HM Revenue and Customs about any unpaid tax in return for reduced fines and penalties.
Property tax advice is vital for landlords, whether buying or selling investment or development properties. Several property tax payments need considering – including stamp duty land tax, income tax, capital gains tax, inheritance tax and annual tax on expensive homes Continue reading
Landlords can take advantage of the new £2,000 Employment Allowance announced by Chancellor George Osborne in Budget 2013. The new stimulus aimed at creating jobs is open to property businesses as well as other companies, firms and partnerships. Trading status 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