As time progress the tax system becomes more and more complicated it’s important to have tax advisors who can help you, understand the concept to ensure that you are paying correct amount of tax at the right time.
Property owners need to be aware:
the government is reducing the amount of time allowed to pay stamp duty land tax from 2019
Abolition of stamp duty on properties up to £300,000 will be extended to first time buyers of shared ownership properties up to £500,000; adding that relief will be retrospective for anyone who has purchased property since the last budget
Second homeowners were targeted in autumn 2018 budget i.e. principal private residence relief rules such as halving the exempt period to nine months from April 2020
From April 2020 letting relief will be scrapped for those not occupying the property at the same time as their tenants
We assist property owners to calculate and help them to pay correct amount of Capital Gains Tax from the sales of their properties.
We aim to understand our client’s needs and aspiration. Applying our knowledge and experience to provide appropriate advice that helps them to manage their tax obligation while working to minimise the risk.