Property Tax: Tax on the Sale of Residential Property

Property Tax: Tax on the Sale of Residential Property

There are three major changes on the horizon which will affect the sale of residential properties. The changes are: Replacement of lettings relief with lodgers relief Reduction of the final exempt period Reporting capital gain All of the changes come into effect from...
Property Tax: Tax on the Sale of Residential Property

Property Tax: Tax on the Sale of Residential Property

There are three major changes on the horizon which will affect the sale of residential properties. The changes are: Replacement of lettings relief with lodgers relief Reduction of the final exempt period Reporting capital gain All of the changes come into effect from...
Try Not To Lose Out On Losses!

Try Not To Lose Out On Losses!

Trading Loss relief is now limited to the higher of £50,000 or 25% of the losses made. This restriction was designed to stop clever tax avoidance schemes but can be very significant for rural businesses. This year, a client made a capital gain of £100,000 on the sale...