The gift of undivided shares of property will not be subject to the ‘gift with reservation of benefit’ (GWRB) rules provided the donor and donee both ... Continue Reading
Should a property letting business be run by individuals who wish to transfer the property into a limited company then there will be a CGT charge on the transfer ... Continue Reading
UK-resident landlords are generally taxed on rental profits made wherever the properties are situated in the world.A record of the rental income, expenses incurred ... Continue Reading
The gift of undivided shares of property will not be subject to the ‘gift with reservation of benefit’ (GWRB) rules provided the donor and donee both ... Continue Reading
The gift of undivided shares of property will not be subject to the ‘gift with reservation of benefit’ (GWRB) rules provided the donor and donee both ... Continue Reading
Because of the differential between income tax and corporation tax rates, holding property in a non-resident company can result in a lower tax charge. In addition, ... Continue Reading
‘Trusts for Bereaved Minors’ (‘TBM’) and ‘Age 18 to 25’ Trusts are ‘Discretionary’ trusts that are exempt from tax ... Continue Reading
If a gift of a property (or share of a property) is made or a property is sold at less than its market value, CGT is charged as if the donor had received the market ... Continue Reading
How does it work? The beneficiary has the right to receive an income for a defined period from the trust (usually for the remainder of the beneficiary’s ... Continue Reading
What is a trust?A trust is created when a person (a ‘settlor’) transfers assets to people whom they ‘trust’ (‘trustees’) to hold ... Continue Reading
