Category: Property & Real Estate Taxation
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The Difference Between Capital and Revenue Expenses on Your Rental Property.
Not all property expenses are treated the same for tax. Learn the key differences between capital and revenue expenses, what you can claim, and when to report them — so you don’t fall foul of HMRC rules.
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Capital Gains Tax on Property — What You Need to Know
Are you thinking of selling a Property? Whether it’s a second home, a Rental flat or a Property you’ve inherited, Capital Gains Tax (CGT) might be waiting around the corner. You can avoid surprise bills by understanding when CGT applies, how much you might owe and what reliefs are available. You might even be able…
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Understanding Trusts — What They Are and Why They Matter
Trusts aren’t just for the wealthy. In the UK, they’re used for everything from passing on property tax-efficiently to protecting vulnerable family members. This guide explains how they work — and why they matter.
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Understanding Rental Property Expenses — What You Can Claim
Welcome to the world of Rental Property ownership. If you’re a Landlord or thinking about becoming one, it’s crucial to understand your business expenses if you want to maximise your profits and minimise your tax liability. Just like every business, owning rental property comes with its fair share of costs. In this blog, we’ll look…
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What You Need to Know About Property and Tax
Property can be a very attractive investment. Quite apart from the home you live in, you might be looking at a model where you buy, renovate and sell, making a substantial profit. Alternatively, you might prefer a longer-term investment that generates a regular rental income. Like any income-making model, though, it’s going to involve paying tax on…