A Furnished Holiday Let (FHL) is a tenancy that only entitles the tenant to occupy a fully furnished, self-catering property for a limited period. This is distinctive from a normal let, which is not normally furnished and has a longer-term tenancy basis. Owning and renting property on a buy-to-let basis is [...]
One of the smaller changes in the Autumn Budget was that you now have 60 Days, instead of the previous 30 days, to report and pay the CGT on capital Gains on residential property disposals. Clearly 30 days was proving too short a time frame for tax payers to meet. If you are [...]
Owning and renting out houses has traditionally been a good way to supplement your income. In fact, it had been so popular that the government has tried to put the brakes on by introducing tax measures to make it less attractive. The government want people to increase the number of houses [...]
If you are a landlord, second homeowner or a holiday homeowner and you sell your property at a gain, you have just 30 calendar days to inform HMRC and make a Capital Gains Tax (CGT) payment. If you fail to meet this deadline you will be subject to a £100 fine which [...]
