Jennifer Adams considers the tax implications for landlords when a tenant leaves. All sources of rental income, be they commercial or residential lettings, furnished ... Continue Reading
Sarah Bradford explains how to determine whether expenditure on replacing a roof is revenue or capital, and why it matters. For tax purposes, all expenditure ... Continue Reading
Lee Sharpe looks at the abolition of multiple dwellings relief, why it happened, and what options remain for landlords buying residential property. The Spring Budget ... Continue Reading
The Chancellor’s recent Plan for Growth is a house full of horrors for landlords, warns TaxationWeb’s Lee Sharpe. Introduction The Chancellor’s ... Continue Reading
Mark McLaughlin warns that transactions should be structured correctly to avoid the risk of adverse tax consequences. Introduction Capital gains tax (CGT) relief ... Continue Reading
This article was written by Jennifer Adams for Tax Insider. The question as to whether the letting of property is a trade or an investment has particular relevance ... Continue Reading
Written by Jennifer Adams for Tax Insider. One of the most valuable of all tax reliefs is the Principal Private Residence relief (PPR) which exempts any gain ... Continue Reading
There are two ways by which more than one person can own a property, either as: "Joint tenants" - whereby each is deemed to own an equal share (e.g. three "joint ... Continue Reading
BKL looks at the key changes to taxing capital gains on property coming in April 2020. Introduction On 6 April 2020, capital gains tax (CGT) on property is changing. ... Continue Reading
Where a property is owned jointly, the tax treatment depends upon a number of factors not least as to whether the owners are married and whether the property is ... Continue Reading
