As a property owner, it is necessary to understand how capital gains tax works. If you decide to sell your property, you may end up paying CGT on the profit you make from it. However, that is not always the case. There are exemptions to capital gains tax. Your primary residence can qualify for relief. […]
In the UK, there are two main types of property ownership. One is freehold and the other is leasehold. If you want to purchase a property, then you should know the key differences between the two. It is important to understand the advantages and disadvantages of both types of ownerships. Furthermore, you should know the […]
There are many forms of borrowing to choose from. The right one depends on your personal financial situation. Overdraft is a form of short-term borrowing where you can spend more than you have in your account. Before you decide to do so, you should know the rules and regulations of an overdraft. You can go […]
Getting property from a deceased family member can be a difficult and emotional event. It frequently has consequences for both finances and emotions. To control their tax obligations and make wise decisions, beneficiaries of an estate receiving an interest in real estate must be aware of the specifics of capital gains tax (CGT). This guide […]
Most people find ISAs far too complex to consider using them. It does not help that there are quite a few options to choose from. Nevertheless, they do have their positive points. One of the major ones being that you have an annual ISA allowance. This guide will cover everything you need to know about […]
As a property owner, you know that a mortgage is a substantial financial commitment. There are various factors to consider before getting a mortgage. Not to mention that it is challenging to pay off your mortgage. Therefore, it is important to know that you can pay off your mortgage early and save thousands of pounds. […]
For a lot of people, it is difficult to figure out how to save money or invest it. Indeed, it is a challenge to know how and when to spend it. That is why learning to manage your finances is crucial. Everyone’s budget differs according to their personal circumstances. However, there are still general guidelines […]
As a landlord, you should know all your legal obligations and responsibilities. If you own property in the UK but live overseas, then you are a non-resident landlord. In case you have a usual place of abode overseas, then it is important that you know the tax rules. This guide will cover all the important […]
It is crucial to be aware of your tax responsibilities and make sure you abide by the law when renting out your house on Airbnb in the UK. Although paying taxes on your Airbnb income is an unavoidable expense, there are tactical and legal strategies to reduce your tax burden. This guide will cover everything […]
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