Property / 4 posts found
What has “hope” got to do with it?
In a recent tax case, Pallister v Revenue & Customs, Pallister’s son (PJ) was left a share in his deceased parent’s investment property in June 2012. A local surveyor valued the property at £1.2m and this was the figure used to determine the deceased parent’s inheritance tax bill. Subsequently, the property was sold in March 2014 for £2.5m. HMRC were peeved. Less than two years had passed and PJ’s share of 88% in the property had seemingly increased in value by almost 100%. They therefore challenged the earlier valuation for inheritance tax purposes on the basis that “hope” [...]
Capital Gains Tax and the Family Home
This is the third and final post (at least for now) relating to tax on properties. It covers capital gains tax on your main residence. As always, please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Capital Gains Tax and the Family Home The capital gains tax (CGT) exemption for [...]
Buy to Let Properties
Following our post about the tax aspects of property investment, this covers issues relating to 'Buy to Let' properties. As always, please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Buy to Let Properties In recent years, the stock market has had its ups and downs. Add to this the [...]
Property Investment : Some Tax Aspects
A number of clients have raised questions concerning property investment. This post covers some of the general issues, but please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Property Investment: Some Tax Aspects Investment in property has been and continues to be a popular form of investment by many people. [...]