The lack of mortgage finance and a lack of confidence in the pricing of UK homes over the next twelve months means that residential property developers are looking at all options to stay afloat. Two key options being considered by many developers as a way of generating some cash flow are:- 1. Letting of new [...]
On Wednesday 21st March 2007, the UK’s longest serving Chancellor of the Exchequer for almost two centuries delivered his 11th Budget Statement to a packed House of Commons and an anxious nation. We are, of course, talking about Gordon Brown, heir apparent to Tony Blair’s throne and Budget 2007 was, perhaps, his last big chance [...]
The question I am most often asked as a tax consultant is probably “Should I use a company when investing in property?� This question needs some background and does not make good written sense to stand on its own. Unfortunately, there is no simple answer because so much depends on your circumstances and your plans [...]
ANYONE WHO INVESTS IN COMMERCIAL PROPERTY will probably know that it is treated generously by the taxman. For example, a couple who make a profit of £100,000 selling a shop could end up with a tax bill of just over £1,000, meaning they pay tax at a rate of just over 1%. Commercial property qualifies [...]
