by AccountingPreneur | Aug 11, 2022 | Inheritance Tax, Property, Tax
Following our blog on Inheritance Tax in the UK, we decided to dig a little deeper on one of the more complicated aspects of it: inheriting property. There are many questions that revolve around property inheritance, and they often need answers at a highly emotional... 
by AccountingPreneur | Jun 23, 2022 | Property, Stamp Duty Land Tax, Tax
Property in the UK is big news right now, with house prices hitting a record high. According to the Office for National Statistics, the average price in March 2022 was £24,000 higher than at the same point in 2021. However, the cost of living crisis means that the... 
by AccountingPreneur | May 16, 2022 | Inheritance Tax, Property, Tax
If, as Benjamin Franklin said, ‘Nothing is certain except death and taxes’. Then it’s important to have an understanding of the latter and how the former (or more specifically, inheritance) can affect you financially. What is Inheritance Tax? Inheritance Tax... 
by AccountingPreneur | Dec 8, 2021 | Letting Relief, Property, Tax
How and when relief is available? What counts as a ‘repair’? HMRC defines a ‘repair’ as ‘the restoration of an asset by replacing subsidiary parts of the whole asset’. They illustrate this with the example of the cost of replacing tiles blown off by a storm. However,... 
by AccountingPreneur | Sep 29, 2021 | Property, Tax, Uncategorised
Published 23rd September 2021 Most of us would prefer that our loved ones receive our wealth when we die, rather than the taxman. But with property becoming more expensive, more people than ever are becoming liable for inheritance tax. At AccountingPreneur we are... 
by AccountingPreneur | Jul 30, 2021 | Business, Property
What is the outlook for Buy to Let? The case for Buy to Let used to be clear. It offered the promise of income and the potential of capital growth from a single investment and could outperform things like annuities. It was so popular it was pricing first time buyers...