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13 March 2019 0 Comments Posted in Private Client, Private Wealth

What’s the latest on Capital Gains Tax for Furnished Holiday Lets?

Posted by , Solicitor

In our previous article we focused on the uncertain inheritance tax treatment of furnished holiday lets (FHLs) and whether they can be classified as business assets which attract business property relief.

The position in relation to income tax and capital gains tax (CGT) is however much clearer – qualifying FHLs are considered to be trading businesses for both income tax and CGT purposes.

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6 February 2019 0 Comments Posted in Opinion, Private Wealth

What’s the latest on Inheritance Tax for Furnished Holiday Lets?

Posted by , Solicitor

Owners of furnished holiday lets (FHLs) are often surprised at the seemingly incongruous tax rules which apply to their businesses. Whilst for income tax and capital gains tax purposes, FHLs are generally treated as “trading” businesses and taxed accordingly, the position is very different for inheritance tax purposes.

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31 October 2018 0 Comments Posted in Private Client

Budget 2018 – Further steps by the Government to limit tax reliefs available to owners of multiple properties

Posted by , Solicitor

multiple lets landlord private wealth

This week’s budget was not exactly ground-breaking for Private Wealth clients and their advisers, although this was no doubt a welcome break, particularly for international clients, following the significant non-dom changes introduced from April 2017 and April 2018.

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