As landlords, we are forever accommodating new changes, a major procedural one will be the switch to (Make Tax Digital) MTD – April 2026 for some and April 2027 for the rest. This is widely understood to increase workload?
As someone with many ye…
With high-interest rates, huge uncertainty & opportunity in the market, there has never been a better time to consider the structure for your property investment.
As landlords, tax will be one of the biggest costs you face and you will want to fin…
Hello helpful peeps. I am wondering if a Lender’s Early Repayment Penalty can be used as a Capital Cost and offset against CGT?
Many Thanks.
Helen
Hi Helen, My colleague Alex Norian who is an accountant and a Property118 tax consultant has very h…
In our view, the answer is YES, property investment companies can claim the 19% Corporation Tax ‘Small Profits Threshold’.
This is a matter which has recently sparked significant debate among Chartered Accountants and Chartered Tax Advisers…
Hello everyone, We’ve been advised that from April 2024 we will be required to make quarterly returns and an End of Period Statement to HMRC using software which is compliant with Making Tax Digital systems.
Our accountant has recommended Coconut…
Until the recent interest rate rises started to bite into cashflow, many larger portfolio landlords had taken the decision to pay the extra tax resulting from the Section 24 restrictions on finance cost relief as opposed to restructuring their business.
Are you one of those people who is now wishing that you had sought professional tax advice from us several years ago?
Maybe you’ve just received your 2020/21 accounts and tax returns back from your Accountant and you’re stressed about how m…
Property118 TV has launched on YouTube.
To find out what this channel is all about and how to receive regular updates, please see our short intro video via the link below.
LINK HERE
The post Property118 TV appeared first on Property118.
Property118 TV has launched on YouTube.
To find out what this channel is all about and how to receive regular updates, please see our short intro video via the link below.
LINK HERE
The post Property118 TV appeared first on Property118.
Mr X owns properties in both his own name and a Limited Company.
His daughter (Sally) works for the company on an employed basis, for which she receives a salary of £30,000. The company pays employers National Insurance on this and Sally pays both empl…
This 64 minute webinar, recorded live on 6th April 2019 is now available to view on demand and free of charge.
The main presenters are:-
Mark Smith, Barrister-At-Law and Head of Chambers at Cotswold Barristers
Mark Alexander
The post Our webinar abou…
James asked ….
I asked some accountants about the directors loan in a company and they said you could gift the directors loan as a potentially exempt transfer for IHT purposes (tick! 😊) but that from the moment
The post Gifting a Directors Loan f…
Bob and his brother Richard own six rental properties in a Limited Company, another six in joint ownership and three each in their sole names. Richard owns another three properties jointly with his two sons, two jointly with his wife and another jointl…
If you are due to pay tax on your finance costs by 31st January 2019 I have some very bad news for you and some potentially very good news.
I will begin with the bad news.
Unless you make some changes
The post Will you pay tax on your finance costs thi…
Two scenarios regularly pitched to me during tax planning consultations are:-
1) We want to sell some of our properties which are low yielding and replace them with higher yielding properties.
2) We have been considering selling some of our properties …
info@gracecharlesinvestments.com
of Norwich City Football Club