Exploring the Pros and Cons: Residential Property Purchase through Limited Company vs Sole Trader
Introduction The decision to invest in residential property is a significant one, and it comes with various considerations. Among these is the choice of the legal structure through which to make the purchase – whether as a sole trader or through a limited company....
Principal Private Residence – a full explanation
This unique article examines the capital gains tax consequences of the disposal of a taxpayer’s principal private residence. Although a principal private residence is not a chargeable asset for Capital Gains Tax purposes, a CGT liability may arise when a property is...
When do property repairs come to be improvements?
In computing the taxable revenues of an allowed property business, among one of the most crucial principles to comprehend is the difference in between resources and also income expense.Revenue expenses can usually be balanced out against income tax in the tax year...Our Average Score
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