A taxpayer has defied the odds and successfully argued at the tax tribunal that a furnished holiday letting business qualifies for inheritance tax relief. Does the decision mean your own letting
business is more likely to qualify?
Published 16.10.2018
You want to make a gift of shares in your family company to your grandchildren to provide income for their upbringing and to reduce the potential inheritance tax (IHT) bill on your estate. For tax
efficiency should your gift be made direct or through a trust?
Published 10.02.2021
From April 6 2010 you might have to pay more tax at 18% when you sell your holiday letting property. But if you act now you can reduce this to 10% by using entrepreneurs’ relief (ER). How can you
take advantage of this?
Published 18.06.2009
A managing agent has approached you with a view to letting your property on a number of very short-term lets. He says that this could bring your tax rate down to 10%. Is he right, and if so how does
it work?
Published 27.01.2005
The Spring 2024 Budget was a mixed bag for residential landlords. The Chancellor gave with one hand and took away with the other. As a property owner, what might the changes announced mean for you?
Published 18.03.2024
The prospects of you letting your holiday home are looking glum this season. As a result, it might cease to qualify as a furnished holiday let and so lose the corresponding tax advantages. What steps
can you take prevent this?
Published 28.05.2020
As we’ve come to expect from recent budgets the Devil is in the detail. One such detail omitted from the Chancellor’s Budget speech is the demise of the beneficial tax rules for holiday homes. But
there’s a parting gift for some; what is it?
Published 15.05.2009
This summer will be your first stab at the Airbnb market. You’ve read a lot about the various alternatives for tax deductions and allowances you can claim, but which are open to you and which can
save you the most tax?
Published 26.06.2019
April 5 2010 was the end of the road for the preferential tax status of property rented out as a holiday home. But there’s still a chance to virtually cut your Capital Gains Tax bill in half using
the old rules; what is it?
Published 12.04.2010
Gifts of assets are treated as transfers at market value so that a capital gain and potential tax liability can arise. What can be done to reduce or avoid such a tax charge when you make a gift?
Published 25.10.2007