Tax

HMRC crackdown on landlords: Letting Agents caught in the cross-fire

As HMRC continues its effort to build a ‘hit list’ of landlords and their properties to compare against tax returns, Letting Agents across the UK are being caught in the cross-fire. What is happening? Statutory Notices are being issued by HMRC to Letting Agents all over the UK, giving...

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HMRC crackdown on owners of multiple homes via CGT

As confirmed in the Budget, as of 6 April 2014, the amount of time homeowners have in which to sell a second home before being subject to capital gains tax (CGT) has been halved from 36 to 18 months. CGT normally applies to the sale of second homes –...

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Let Property Campaign: Landlords targeted for tax evasion

HMRC have announced that landlords will be the latest group to be targeted for tax evasion. The ‘Let Property Campaign‘ is a scheme aimed at landlords who may owe tax due to misunderstanding the rules or deliberate evasion. The intention behind this new scheme, due to commence in December...

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Tax: A Key Driver to Investment

In my experience, tax is a key component of any investment decision, writes Andrew Rand. With tax rates as high as 45% and investment returns struggling in the current economy, any saving of tax is particularly welcome. Premium bonds and returns on investment bonds are often popular choices as...

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