New UK Capital Gains Tax Charge on High-Value UK Residential PropertyKaterina HealKate Habershon
Complicating things further is the fact that the UK also has rules on capital gains tax when you sell property abroad. If you’re a UK resident and sell a Portuguese holiday home, for example, you’ll need to pay the tax in the UK. However, you can potentially claim relief if you’re...
Capital gains tax When you sell a property in the US, you’ll need to pay capital gains tax (CGT) on the profit you make from it. So, the difference between what you paid for the property and what you sell it for, minus any fees and expenses. The good news is that this tax only...
Capital gains tax What does tax deductible mean? Whether you’re grappling with corporation tax or filing your self-assessment tax return, keeping on top of your taxes is one of the most important aspects of running a business – and one of the most costly if you get it wrong. That’s ...
Capital gains tax (CGT) - the latest Currently, the annual tax-free allowance for CGT is £12,300. This means that, when you sell a property, you only pay tax on gains over this amount. However, announced in the 2022 Autumn Statement, from April 2023 the tax-free allowance will drop...
For example, let’s imagine you make a taxable gain on your shares but a loss on selling your buy-to-let property. Your property loss canbe offsetagainst your capital gains on shares to reduce or even wipe out the tax bill that might otherwise be due. ...
An expat mortgage is a mortgage you'd take out on a property in the UK while you're a UK expat – ie a UK national living abroad oversea
It is the only month since late 2023 to see outflows – except for October 2024 when net selling was driven entirely bypre-Budgetconcerns aboutcapital gains taxhikes. Get 6 free issues + a free water bottle Stay ahead of the curve with MoneyWeek magazine and enjoy the latest financial news...
Stamp duty is paid at the same rate, as isCapital Gains tax if the property is sold for profit. If you own a buy-to-let property, rental income is also taxed in the same way as it is for UK-based landlords. How to get a UK Expat Mortgage Buying an overseas property can be ...
WEBINAR: Charities SORP 2026: Proposed Changes and How to Prepare Posted on 1st May 2025 As we approach the end of the 2024/25 tax year, now is the perfect time to consider tax planning before we reach the April deadline. Year-End Tax Planning: Key allowances and strategies before 6 Ap...