Posts Tagged ‘Tax’
HMRC Targeting Second Homes & Buy To Let For CGT
In the news this week is a declaration from the HMRC that they will now be chasing after Capital Gains Tax deemed not to have been paid on properties sold which used to be Buy To Let, gifted or second homes. HMRC Property Sales Campaign The new campaign called the Property [Read More]
The History Of UK Tax
As there is so much about tax in the news of late, we thought we would add a short history of UK Tax. Taxes first came into being here during the Roman empire occupation. Lady Godiva At that time we were mainly Anglo Saxons. One very famous Anglo Saxon, Lady Godiva, was [Read More]
How To Stop The Budget Tax Raid On Pensions
Many political pundits believe that the next budget will include a tax raid on pensions. Danny Alexander, has commented that he wants the higher-rate tax relief to be scrapped, saving the government £7billion. This means that private pension savers would get relief at the [Read More]
HMRC Business Tax Checks Pilot Extended
Recently announced is the intention to extend a pilot scheme from the HMRC for business tax record checks on missing tax from contractors who work via limited companies. The Tax man Is Coming The HMRC are seeking to plug a ‘tax gap’ of an estimated £35 [Read More]
New “Affluent Unit” Seeks Tax From Foreign Property Owners
In the global cash strapped arena, governments are seeking ways to gain tax from any means they can. The UK is no different. It was recently announced that UK citizens owning foreign property in Dubai and other countries will be the target of tax investigators. A specialist [Read More]
Spanish Slash Property VAT
José Blanco, Minister of Public Works and Housing stated recently that VAT on new homes will be slashed from 8pc to 4pc for the remainder of 2011. However, before we get too excited, the new rate will only apply to sales of new homes which complete before 1 January 2012. [Read More]
Emergency Greek Property Tax To Plug Default
Greece is now on a mission to prove that they can do sums and are desperately trying to stave off either a looming bankruptcy or the very real possibility of an enforced leaving of the Euro zone. Last week the government announced a new emergency property tax which aims [Read More]
France To Scrap Holiday Home Tax For Brits
Just last month in France ministers were talking about a new property tax for holiday homes. This tax is now to be scrapped. The tax would have affected around 360,000 second homes in France and with 50% of that figure owned by British nationals. Expat second Homes Many [Read More]
How To Invest In US Tax Liens – part 1
There is a lot of buzz around investing in US tax liens at the moment. They can seem very complicated to the uninitiated, here, we attempt to unravel what they are and how to invest in them. What Is A Tax Lien? In brief they are Certificates and Tax Deeds. The [Read More]
Benefits Of IBC’s For Tax Mitigation
An International Business Company (IBC ) can be a fantastic method to use when structuring or moving business or investments or assets offshore. It allows the owner to buy property and investments protect the assets away from UK government taxation. IBC’s are fully [Read More]
