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landlords

Tax Relief for The Expenses of Running a Property Business

Tax Relief for The Expenses of Running a Property Business

In common with other types of business, expenses are unavoidable when running a property business. However, subject to certain conditions, it is possible to obtain tax relief for the expenses of running a property business.   Allowable Expenses The general rule is that a landlord can deduct revenue expenses which are incurred wholly and exclusively …

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CGT or IHT

CGT or IHT

Sometimes there is a choice of which tax to pay and where a person owns an investment property, they may be able to exercise a degree of choice whether they take a capital gains tax hit or their beneficiaries pay inheritance tax. However, there is something of a gamble here – while capital gains tax …

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