Principal Private Residence Relief (PPR) – for properties that have been your main home Letting Relief- for properties that were once your main home and have been let out Entrepreneurs’ Relief – for qualifying business assets that include shares in a trading company or business assets In the UK, property tax relief can help…
In the UK, business asset tax relief can help you reduce your tax liabilities, when selling qualifying assets. This tax relief is aimed at encouraging entrepreneurship, investment, and innovation. Here are some ways to get tax relief when you sell business asset. Business Asset Disposal Relief As part of the Business Asset Disposal…
Capital Gain Tax on Property Capital Gain tax on a property is the tax you pay on the profit you have made by selling or disposing a property that is not your home property, i.e., Second homes or holiday homes Buy-to-let properties. Business premises Inherited property Rental properties Any property that is not your…
Capital Gain tax (CGT) is a tax you pay on the gains you have made by selling or disposing an asset. Disposing an asset includes selling it, giving it away as a gift, swapping it with someone else, or getting compensation of it, like an insurance pay out when it’s lost or destroyed. Capital…
Buying a house is personally and financially one of the most crucial decisions. Statistically it is an important financial goal of about 70 percent of the working population and nearly 80 percent of the working population takes mortgage to buy their houses. So, the most responsible thing to do would be to know about various…
