The reduction in the rate of capital gains tax means that anyone holding property assets may well look to retain personal ownership. The 18% rate of CGT looks very favourable when compared with the 22% company tax charge (in addition to the tax on…
If you stop occupying a main residence and decide to rent it out for a period prior to a disposal what impact would this have on CGT when you eventually sold it? Well, the period that you let it for would not usually qualify for principal private…
If you could get a full income tax deduction for the costs of your visits to and from your overseas rental property that could represent a very nice tax deduction. Not surprisingly though, the taxman looks to restrict this deduct as much as he can…