SDLT

Stamp Duty & Land Tax

You need to pay the Stamp Duty & Land Tax (SDLT) when you buy a property or land in England, Wales, and Northern Ireland, with some exemptions. SDLT may be the first tax you would have paid as a landlord!SDLT is usually payable in the following situations:Purchase of a freehold and leasehold property (including shared

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Income Tax

Related Articles Share this article on Share 0 Tweet 0 Share 0 The most important tax to consider for any property investor is the income tax. It is charged on employment income, rental income, interest, dividends, and profits for self-employed. Income tax is the largest source of tax revenue for UK government accounting for more

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Corporation Tax

Related Articles Share this article on Share 0 Tweet 0 Share 0 What is corporation tax?Corporation tax is charged on any corporate body which includes any limited companies. So, a limited company, whether it is a property SPV company or company with other types of activities such as property development or property trading, falls under

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Inheritance tax

Inheritance Tax

Related Articles Share this article on Share 0 Tweet 0 Share 0 Benjamin Franklin said in 1789 “In this world nothing can be said to be certain, except death and taxes.” Inheritance tax is the meeting point of these two certainties of life! When you die leaving your estate and property to your loved ones,

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Capital Gain Tax

Related Articles Share this article on Share 0 Tweet 0 Share 0 What is capital gains tax (CGT)?One of the significant tax every property owners have to pay is the capital gains tax. Let’s start with what is capital gains. In simple terms, capital gains mean the selling price less acquisition costs. For example, if

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Property VAT

VAT on Property

Related Articles Share this article on Share 0 Tweet 0 Share 0 Value added tax (VAT) is relatively new tax. In the UK, it was introduced on 1 April 1973. However, it accounts for about 17% of UK government’s total revenue.As name suggests, VAT is a tax on value added. A businessman collects VAT on

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