Private Rented Sector Buy to Let Consultants
Now that capital gains tax (CGT) is mostly just a tax on inflation not real capital gains, perhaps it should be renamed “inflation tax”? We know our government is short of cash. When was it ever not? The state’s debt burden is now a little over £2,540 billion or to put it another way, 101 per cent of the nation’s […]
Read moreThis short article is about the interaction of Inheritance Tax (IHT) and Capital Gains Tax (CGT) and how, via tax planning, people can reduce the impact of both. It explains that the key thing is to do this when you are still young or else you and /or your heirs may end up paying even more tax that you need […]
Read moreThirty Days to Pay Capital Gains Tax Landlords of residential property should be aware of new tax deadlines for capital gains tax which mean they have just thirty days to pay it. Starting from April 6th 2020, the deadline by which owners with taxable capital gains on residential property will reduce from up to 22 months to just thirty days […]
Read moreLetting Relief for Landlords Looks Set to be Scrapped Lettings relief for buy to let landlords looks set to be abolished says David Lawrenson of LettingFocus.com. This is a shame because we had all expected that maybe in the budget Mr Hammond might do something nice for buy to let, like cutting capital gains taxes for landlords who let to […]
Read moreThe Easiest Way for Buy to Let Landlords to Avoid Capital Gains Tax The easiest way for buy to let landlords to avoid capital gains tax is never to sell and to keep re-mortgaging to extract cash out of their properties. And the easiest way to build a portfolio is to use the re-mortgaged cash as deposits to buy more […]
Read moreFor those that don’t know, here is how politics works…. Private Letting Relief Will be Axed The government puts out in a series of “half leaks” that it is looking at eliminating or cutting the amount of buy to let mortgage and other loan interest and fees that a landlord can offset against rent. This is what they are doing now – and […]
Read moreDavid Lawrenson, of property consultancy www.LettingFocus.com says British citizens are being treated like second class citizens when it comes to property tax. If you were following the recent mini statement from Chancellor George Osborne last week you will have heard how overseas investors in our residential property markets will now have to pay capital gains tax – just like they […]
Read moreSo who wins and who loses from the emergency budget? Well, the trouble with the budget is that lots of the details are in the hard to get (and even harder to digest) documents that come out after the Chancellor has sat down.) But back at the desk and catching up, it seems clear that one winner could be the […]
Read moreA few months ago there was a ray of hope that the historically high margins that mortgage companies want to charge buy to let mortgage borrowers could be coming down. Readers of this column will know that back in November last year, for a 75% loan to value buy to let mortgage, you could get a reversionary (or “go to” […]
Read moreI see the government is looking to increase the rate of capital gains tax to 40% and possibly cut the amount of gains one can have before it becomes payable (currently just over £10,000) to say £2,000. This is something the Conservatives may be forced into by their Liberal Democrat partners, because as Nick Clegg says, it seems crazy that […]
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