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
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
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
Planning an exit strategy from your company isn’t simple. The traditional options each have pros and cons. Might a relative newcomer offer a better way out and allow you to bag a new capital gains
tax break as part of the deal?
Published 30.03.2015
Around two years ago the Taxman announced that the tax break for holiday rental businesses was to be scrapped. But in the end it’s just been watered down. What might the changes mean for you?
Published 22.12.2010
If your property is classed as a business asset for the purposes of Capital Gains Tax you’re entitled to a discount of 75% on the gain you make. However, any non-business use will eat into this tax
saving. Is there any way to sidestep this?
Published 16.03.2006
If your company owns a property abroad, this could lead to a tax bill. But the Taxman recently relaxed the rules, so can you take advantage of his largesse?
Published 04.12.2008
The Autumn Statement slammed the door on a long-standing tax break for business owners who transfer their trade to a company. But, as the saying goes, when one door closes another opens. Is there
still a chance of tax relief?
Published 23.12.2014
If you let out a property as a holiday home and meet the right conditions, you can claim capital allowances as a deduction against the rent you receive. But where do you stand if you meet the
conditions only some of the time?
Published 13.11.2014
You want to pass on your second home to your children as part of an Inheritance Tax planning exercise, but there is likely to be a large Capital Gains Tax bill to pay. Is there any way to avoid this
tax charge?
Published 31.03.2008