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What are the measures taken in the Spring Budget ?
Yesterday, the Chancellor, Jeremy Hunt, delivered his Spring Budget. He talked about the different measures taken by the government, involving property tax, holiday lets as well as non-dom tax status. General State of the Economy Jeremy Hunt started delivering his budget talking about the state of the British economy, dealing with the financial crisis, the … Continue reading What are the measures taken in the Spring Budget ?
How Does It Work When You Are A Non-Resident Landlord ?
When you own a property in the United Kingdom but live abroad, it can be complicated to know what the tax differences are when just being a simple resident landlord and what to do to make the right steps and still stay compliant. What makes being a non-resident different ? When you own a property … Continue reading How Does It Work When You Are A Non-Resident Landlord ?
What is Real Time Capital Gains Declaration ?
Capital Gains Tax declaration is when you report your gains from the sale of a property via the Real-time CGT reporting system or a Self assessment Tax Return, depending on your situation. When individuals do sale a property, they might forget they have to report their gains but the error can be costly with the … Continue reading What is Real Time Capital Gains Declaration ?
What to know about the Self Assessment Tax Returns?
Self Assessment is a system HMRC uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. However, people and businesses with other income, including landlords receiving rental income, must report it in a tax return depending on the situation. In what case does this apply to you ? You must … Continue reading What to know about the Self Assessment Tax Returns?
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