Category Archives for Capital Gains Tax

Capital Gains Tax on High Value Items

I thought we might touch on the dreaded subject of capital gains tax this time. It’s an insidious tax and can be a bit of a dark art, with many twists, turns & arcane rules to it in the eyes

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It’s not due in January; It’s due today!

A common misnomer with individual tax returns is that they’re due in January. January 31st is actually the deadline for submitting your return to HMRC and paying them any monies due. As you can

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An Overview of Principle Private Residence Relief

I was asked about Principle Private Residence (PPR) relief the other day by a Financial Adviser who is dealing with a client of ours, so I thought it’d be good to briefly run through this. Just

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The Traps of Equity Release on Rented Properties

In order to achieve greater ‘revenue relief’, many landlords release equity from their properties using the money in whichever way they choose – for example if they decide to buy a Ferrari or

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Tax Tip – Save Capital Gains Tax with a Deed of Trust

Today’s tax tip involves a bit of forward planning & a whole lot of trust: A deed of trust in fact. But it is a good way of mitigating the dreaded capital gains tax (CGT). If you’re

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Investing in a Buy to Let can be Incredibly Lucrative – but also a Tax Minefield

Investing in a buy to let is, it has to be said; a tax minefield. It attracts just about every type of tax going: Stamp duty, (when bought) Income tax (when rented) Capital gains (when sold) VAT (when

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First Time Landlords Should Be Aware of their Tax Obligations

Embarking on the property market as a first time landlord can be both exciting and daunting at the same time; so, before your ‘embarkation’ you need to be aware of the taxes that you may encounter

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Changes to the Principal Private Residence Relief

We’ve been asked to comment on why now would be a good time to put a property on the market. At first glance you may be forgiven for thinking it’s a drive by agents to get more instructions. However.

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Beware the Disallowed Interest Trap when Releasing Equity from Your Properties

In order to achieve greater ‘revenue relief,’ many landlords release equity from their properties using the money in whichever way they choose; and provided that the amount borrowed is not

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Capital Gains Tax Tip for Antiques Collectors

Don’t PAYE too much: Jon Hook’s tax tips It seemed an obvious choice to try to explain the tax treatment of  private individuals who buy and sell (but do not “deal in” – an important distinction)

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