Property Investment

If you're interested in reducing tax on your property investment/development activity you'll find plenty of opportunties in our articles and forums!

Property Investment Reducing your capital gains tax to 10% on overseas property Establishing that a trade exists can be highly advantageous when it comes to minimising your UK taxes on overseas property. This article looks at the new capital gains tax rules applying after April 2008 and how you can still qualify for a 10% rate of CGT. . . . keep reading Save Inheritance Tax of up to £370,000 on your Investment Properties With rates of inheritance tax at 40%, this can represent a huge chunk of your wealth that goes to the taxman. Anyone with a substantial estate will therefore be looking at opportunities to reduce the potential Inheritance tax charge in the future. This article looks at the use of trusts to avoid both inheritance tax and capital gains tax . . . keep reading How best to structure small scale overseas property development With the advent of many low entry cost property development opportunities overseas an issue that is often important is what is the best structure for this. What we're considering here are small scale operations. The large investors will be likely to already have an established offshore structure in place - but what about the newbies - how should they proceed? . . . keep reading Is it worth reoccupying a property before sale to reduce CGT? This is a common question that our members have so we've devoted an article to it to explain the tax position. If you have a property that you have occupied as a main residence or you intend to do so in the future, this article tell you what you need to know about reoccupying it before a disposal. . . . keep reading Non doms and overseas property in 2008 Non Doms that own overseas property will need to carefully consider the scope of UK tax on property income and gains taking into account the new rules that apply to Non Doms from April 2008. This article looks at how Non Doms will be taxed on overseas property from 2008 and some tax planning opportunities . . . keep reading Reducing UK tax when you sell UK property as a non resident Many non residents are looking to sell UK property. Ascertaining whether to sell whilst abroad or after a return to the UK can have important tax implications. This article looks at the UK tax position and the reliefs and exemptions available. . . . keep reading Should you buy residential property in your name or via a company to reduce tax? It's a pretty common question, and is something that should be considered well before you actually buy any property (or even exchange contracts). You could buy investment property in your name, via a UK company, via an offshore company or even via a trust. For most UK residents the key issue will be whether to buy personally or via a UK company. This article looks at the issues and identifies when using a company is more tax efficient than using a buying personally based on the new 2008 rules. . . . keep reading Establishing a property as a main residence in 2008 Establishing a property as a main residence can be very attractive in terms of reducing your tax charge on a future disposal. This is due to the fact that a property that has been occupied as a main residence will qualify for principal private residence ('PPR') relief. This article looks at some of the main points to consider when establishing a property as a main residence and also includes a handy checklist of 'evidence' that could prove invaluable in arguing a property was a main residence. . . . keep reading Should you sell or let your former home? In the past when you wanted to buy a new house you simply sold the old one. Now, its not that simple and many people are looking to retain their former house, either for financial reasons or personal reasons. Of key importance will be the potential tax implications. As well as if you should sell the property a related question is when you should sell the property. This article equips you with the information you'll need to make an informed decision. . . . keep reading Entrepreneurs relief for property developers? Entrepreneurs relief is effectively the successor to business asset taper relief and can provide for an effective tax rate of just 10% on certain qualifying disposals. Given this highly attractive rate of tax many non UK domiciliaries will be wondering whether they could qualify for it. This article explains when property developers could qualify. . . . keep reading Buying a property in the UK via an offshore company as a non UK domiciliary A common tax planning technique for non UK domiciliaries is to purchase a UK property via an offshore company. The advantage of this is principally in terms of Inheritance tax, as a non UK domiciliary would be exempt from UK IHT on the overseas shares. We'll take a look at some of the practicalities in this article. . . . keep reading Can property investors minimise income and capital gains tax by using a corporate partnership? Determining the most beneficial structure to carry out property investment activities is something that many property investors think about at some point. This article takes a look at an alternative structure using a corporate partnership. . . . keep reading Claiming Principal Private Residence relief if you convert a house into flats Anyone converting a house into flats should be concerned with any capital gain on a future disposal of the flats. If you have previously occupied the house or are planning to occupy the flats claiming principal private residence relief should be a key consideration. This article looks at this in detail . . . keep reading Buying a property in Florida tax efficiently If you're looking to buy an investment property in Florida establishing the most beneficial tax structure is crucial. You'll need to consider both the UK and US tax position. This article looks at both and considers the options available. . . . keep reading Jointly held property and income tax Married couples often own property and other investments jointly. This is an area that is potentially ripe for tax planning particularly where one spouse is a higher rate taxpayer and the other isn't. This article looks at income tax planning for jointly held assets. . . . keep reading Selling a main residence before 6 April 2008 to reduce capital gains tax Although the new capital gains tax changes include no direct changes to principal private residence relief, when you sell a main residence there are some indirect effects. This article looks at why leaving a disposal of a former main residence until after 5 April 2008 may result in an increased capital gains tax charge. . . . keep reading Is letting a property worthwhile in reducing capital gains tax? This is a question that is frequently asked so it's well worth putting into a separate article. In this article we look at the two main ways in which letting a property can be effective in reducing capital gains tax on property disposals. . . . keep reading Should I use the renewals basis or claim capital allowances to reduce tax on my property rentals? Anyone who lets residential property has three key options when it comes to claiming relief for capital expenditure incurred on let property. This article looks at the options available, how they apply and which is the preferred option for residential landlords as well as anyone providing furnished holiday accommodation. . . . keep reading Extracting cash from UK properties as a non resident tax efficiently Many people who leave the UK own UK properties that they hold as investments. This could be a case of letting the previous main residence when they leave the UK as a source of additional income, or alternatively they may hold a number of investment properties that they retain after leaving the UK. This article looks at the tax options for extracting cash from these properties. . . . keep reading Reducing income tax on UK property after you leave the UK and what to do if it's not been declared This article looks at how non UK residents should approach rental income they've received since leaving the UK which hasn't been declared. It looks at the obligations for non residents as well as opportunities to reduce UK income tax . . . keep reading More property investment articles