Tax issues
Whether you invest in property in the UK or overseas, you’ll need to get to grips with taxation. There’s tax on rental income, selling on your property and possibly even on your death. Listed below is a brief outline of the topics you will need to familiarise yourself with, all of which will be covered in depth within the Information Centre:
Avoiding property tax – how to save on Income Tax and Capital Gains Tax
Holding your property in a tax-efficient product – such as a Real Estate Investment Trust – could save you money on your tax bill. Information Centre can help you work out which approach is best for you.
Property companies
Setting up a property company means that you can take advantage of the company taxation system. We can give help you find information you need to calculate whether a company would give you greater returns.
How to avoid Stamp Duty
Stamp duty in the UK is a necessary evil, but there are many legitimate ways to reduce your liability. Inside Track can point you in the right direction to get the right advice, and we offer information on this topic within the Information Centre.
Tax guides
Each country has its own tax system. Our contributors have years of experience in the UK, US and Spain, and keep fully up-to-date with the newer opportunities throughout the EU. If you’re resident in the UK but own a rental property overseas, you’ll need to handle tax in both countries.
Inheritance Tax
Almost anyone with investment property will fall within inheritance tax rules, but there are ways to avoid it. Holding your property in a trust can mean that it’s exempt – it pays to let an expert guide you.
Capital Gains Tax calculator
If you own a second property in the UK, you’ll be liable to pay Capital Gains Tax on profits when you sell the property. We’ll show you how to find out the best ways to reduce that bill as far as possible.
Property ISA
Property ISAs can be a low-cost entry point to property investment and you won’t have to deal with the day-to-day admin.
Tax data
The Information Centre will keep you up-to-date with the tax information needed to maximise returns on your property investments.
The Information Centre is an enormous online resource but sometimes it’s better to meet face to face – just come along to one of our free 2-hour workshops to get started and to find out how you can learn more about the tax issues that will affect your investment.