UK & Offshore Tax Planning Blog
Where an individual or couple own two or more residences it is possible to make a principal private residence ( PPR ) election. Claiming PPR relief provides a full or partial exemption from capital gains tax . The PPR election applies for the…
Unsettled property (ie non trust property) which, at the time of its transfer, is situated abroad is excluded property for inheritance tax purposes if the transferor is also domiciled outside the UK at that time (ie it's not taken into account for…
Anyone who is a property developer is likely to be taxed as a property trader on the basis that they are buying, selling or renovating properties with the intention of resale. It's worthwhile noting that if possible they should consider any arguments…