The unfavourable economic climate almost all over the world and slowdown in property markets has made some property developers let out newly built properties which are proving difficult to sell. Although this seems to be a source of income for property developers in these difficult times, it is essential that they are made aware of …
Category Archives: Property Tax
Top 10 Most Expensive Areas in the UK for Council Tax
CIPFA the Statistical Information Service has released a report listing the top 10 most expensive areas in the UK for Council Tax Here are the results: Sedgefield Borough Council, Labour, £1,613.10 Rutland County Council, Conservative, £1,606.38 South Bedfordshire DC, Conservative, £1,593.51 Newark & Sherwood District Council, Conservative, £1,591.81 Easington District Council, Labour, £1,586.71 Royal Borough …
HRMC Advises Investors to Seek Property Tax Help
HM Revenue & Customs (HMRC) investigators are now focusing on property investors. Several hundred property investors received letters from HMRC stating that apparently they have not included their rental income on their tax returns even though they own rental property. The HMRC offered property tax advice to the affected parties to rectify their affairs. HMRC’s …
Capital Gains Tax Changes Didn’t Change Buy to Let Investors
A recent survey carried by the Young Group – property portfolio manager – has found that 84 per cent of the buy to let investors think that the proposed Capital Gains Tax changes didn’t affect their property investment plans. The survey asked 500 active UK property investors in the buy to let market. Thirty nine …