The importance of Form 17 in planning tax efficient rental income from jointly owned property . Proper tax planning in this area can be very effective, but getting it wrong can be very expensive. Make sure you understand the rules or ask a tax professional to help you.
Understand how the value of your family home and the residence nil rate band may affect your inheritance tax bill.
On the 20 December 2019 the much anticipated Loan Charge Review was published. Richard Coombs, tax partner at Bates Weston summarises its main recommendations and gives his thoughts on what may happen next.
What will happen to Entrepreneurs’ Relief post Election? Our tax team have been considering whether there are steps that can be taken to pre-empt some of the possible tax changes that might arise after 12 December.
From April 2020 when you sell your home, if CGT (Capital Gains Tax) is due, you will need to calculate and pay it within 30 days of completion.