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'Residence'
02/12/2016, by Tax Insider, Tax Tips - Property Tax

Legislation does not define exactly what constitutes a ‘residence’ but in the tax case of Batey v Wakefield (1981) it was decided that not only can the ... Continue Reading

Tax Insider Tip: Repairs
28/11/2016, by Tax Insider, Tax Tips - Property Tax

Work carried out to an existing or newly acquired property resulting in the property being improved or altered is deemed to be a capital expense, which is deductible ... Continue Reading

Tax Insider Tip: Restricted Claim
25/11/2016, by Tax Insider, Tax Tips - General Tax

Capital allowances available on assets purchased for use in a property business need not be claimed in full; the amount can be restricted by choice. The amount of ... Continue Reading

Tax Insider Tip: Equity Release
21/11/2016, by Tax Insider, Tax Tips - Business Tax

Income tax relief is available on a loan taken out to release capital in a rented property that is subsequently used to purchase another property or even to reduce ... Continue Reading

Tax Insider Tip: ‘Flipping’
14/11/2016, by Tax Insider, Tax Tips - Property Tax

As long as the initial election for Principal Private Residence (PPR) relief has been made, it can then be varied (‘flipped’) as many times as desired ... Continue Reading

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