With people choosing to holiday in the UK, renting out part of your home as holiday accommodation could help improve your household income.
New 30 day reporting and payment rules for Capital Gains Tax due on the sale of residential property
From April 2020, there are changes to how long you have to pay your Capital Gains Tax (CGT) when selling residential property.
Wednesday 5 August – 12.00pm – 12.30pm
Join our free 30 minute webinar where our tax specialists discuss the tax implications of holiday accommodation.
HMRC has confirmed that they will extend the normal three year limit for refunds of higher rate Stamp Duty Land Tax (SDLT) if a sale of a previous main residence was prevented due to the government’s coronavirus lockdown restrictions.
The government has temporarily extended the time limit for notifying them of the decision to opt to tax land and buildings to 90 days.
If you inherited a property that you then sold for less than the property was valued upon death, you could get a refund for the difference of the Inheritance Tax.