Capital Gains Tax

Capital Gains Tax (CGT) is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It is often referred as voluntary tax. The tax that you need to pay when you make a gain after selling of an asset, not the amount of money...

Let Property Campaign HMRC

Let Property Campaign is a scheme introduced by HMRC to landlords who have not declared property income and pay appropriate taxes. This give opportunity if you’re an individual landlord letting out property in the UK or abroad so to bring their tax affairs up to date...

How To Change Or Switch Accountant

The process of changing your accountant is very simple. Following are the steps involved in the changeover process: 1 – Write to your existing accountant You will need to write to your current accountant and end things on good terms and email them to let them know...

Section 24 tax effects on property sector

Allowable finance costs claims reducing 25% every year cumulative from 6th April 2017 to 100% from 6th April 2020. The tax relief on mortgage interest set at 20% even though you are a higher rate taxpayer. Removal of the 10% wear and tear allowance Landlords actions...