Category: Property tax

Owning buy to let properties through a limited company holds several advantages over owning the properties as an individual(s). This topic was discussed in a previous article.   In this article we look at particular circumstances under which the two options can be quite close, this is because of another …

The Chancellor of the Exchequer recently announced a mini holiday from stamp duty on residential properties. The holiday lasts from now until next March, and all categories of buyers will benefit including landlords, first time buyers, and buyers who have owned homes before. Let’s look at how this works and …

Individuals can earn up to £7,500 rental income per annum tax free under Rent a Room relief by letting out furnished accommodation in their own home. The £7,500 is rental income, before any expenses are deducted. If the income is below £7,500 for the year, and an individual is not …

Rules for two ancillary reliefs on Capital Gains Tax (CGT) relating to rented residential properties are changing. Changes to final period of property ownership,  and lettings relief will apply to property disposed of from 6 April 2020 onwards. If you are planning to sell a property within the next couple …

Much has been said about the merits of running a buy-to-let business through a private limited company. But the decision of whether to buy a property as an individual or through a company depends on numerous factors. This article briefly explains some of the most critical factors. It also suggests …