When considering the ownership of a second property in the UK, there are two main options to choose from: 1 – owning the property personally or 2 – owning through a limited company (other options are available but we won’t go into those here). Here are some key considerations for each option: Personal Ownership Tax […]
read more financelandlordssellingEveryone loves tax right??? Ok maybe not, however, if you are a property owner in the UK, it’s important to be aware of the personal tax return deadline, which is on the 31st of January each year. To ensure compliance and avoid penalties, here are the key steps you need to take: Gather all […]
read more landlordssellingTax obligations in the UK If you own property in the UK, it’s important to understand the tax obligations that come with it. Here is a brief overview of the key taxes that property owners need to be aware of. Stamp Duty Land Tax (SDLT): SDLT is a tax paid when you buy a property […]
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