The article offers information on the Property Sales Campaign of the Her Majesty Revenue and Customs (HRMC) in Great Britain that aims to target people who have made profit on the sale of their second home but paid no capital gains tax.DaleSamuelMortgage Strategy (Online Edition)...
However, Strutt & Parker is not experiencing second home sales driven purely by CGT. Property owners should not panic. A stampede of second home panic sales would have a very detrimental effect on the market and our greatest concerns lie with the buy-to-let sector … Read...
- 31.7.17 - second payment onaccount=1/2*(15/16 income tax payable+15/16 NIC Class 4) - 31.1.18 - final balancing payment= 16/17 income tax payable+16/17 NIC Class 4 tax -(15/16income tax payable+15/16 NIC Class 4) +16/17CGT +16/17 Class 2 Payment ofcapital gain tax : ...
The article reports that Her Majesty's Revenue and Customs (HMRC) offers second home owners to pay unpaid capital gains tax (CGT) until September 6, 2013 in Great Britain. It mentions that failure to comply will lead to a heavy clampdown. It also notes the Property Sales Campaign which is...
Peter Vaines