12 October 2018
Capital allowance tax relief can significantly reduce the cost of the investment by reducing the owner’s tax liability. We have developed a myth-busting guide that challenges common myths that often stop businesses from claiming capital allowances.
14 September 2018
The Government published draft clauses for Finance Bill 2018-19 on 6 July 2018. The published material included draft legislation relating to the taxation of capital gains on property; notably a change to the reporting and payment on account obligations for UK resident individuals and trustees with residential property gains. The changes will take effect for disposals on or after 6 April 2020, in line with announcements made at Budget 2017.
15 January 2018
The EU referendum has created a favourable landscape for overseas investment. While volatility acts as a break on domestic spending, the weak pound creates a big incentive for international investors. In the first three quarters of 2017, Chinese investors spent £6.4bn on UK property: up from £2bn in the same period in 2015.
04 January 2018
RSM is advising taxpayers wishing to pay their tax by credit card to act now before HMRC stops accepting personal credit card payments.
15 December 2017
The Treasury has issued a consultation paper introducing proposals for new tax charges for UK commercial property held through international structures. The proposals could have a significant financial impact on UK investment decisions, and could conceivably put a break on property development across the country.
29 November 2017
The first step is to check whether your building falls within the scope of the legislation? If it does, are there any exceptions?
29 November 2017
Landlords who don’t comply with the regulations, will risk paying penalties and have their non-compliance published. These penalties could reach £150,000 for a three month incident.
22 November 2017
Mixed bag for individuals and businesses who will be impacted by chancellor’s Budget property announcement.