Monthly Archives: March 2017

Property and Tax Seminar 30th March 2017

Limited space available for our Property and Tax Seminar on Thursday 30th March 2017.

There are still a few spaces available for our seminar which will be taking place at the Abbey Hill Golf Club in Milton Keynes on the 30th March – so if you are interested in how the recent tax changes will affect your property and would like to hear our guest speakers Dan Morris from Crystal Specialist Finance and Mark Stephenson from Castle Trust further educate us then please email info@1stff.co.uk or call 1st Financial Foundations on 01908 523 420 for further information.

Venue: Abbey Hill Golf Club
Address: Abbey Hill, Monks Way, Two Mile Ash, Milton Keynes MK8 8AA
Date: Thursday 30th March
Time: Arrival 9.30am for 10am start -12 midday finish
Speakers: Dan Morris, Mark Stephenson and Yash Tosar

Private Residence Relief For Landlords

What is Private Residence Relief?

 You don’t pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: you have one home and you’ve lived in it as your main home for all the time you’ve owned it.

When and How Much?

A great article we would like to share looks at the mechanics of capital gains tax private residence relief, and how residential property landlords may be able to claim relief.

With landlords facing capital gains tax (CGT) rates of 18% and/or 28% on the disposal of residential properties, this article considers the availability of private residence relief on disposals by landlords.

Quote of the Day –

“A stumbling block to the pessimist is a stepping stone to the optimist – Eleanor Roosevelt”

Never give up is what we say at 1st Financial Foundations – Independent Financial Advisers

Tax checklist on buying a property

We at 1st Financial Foundations are always looking to update our clients on how to be tax efficient. This is a great article by Alan Pink who offers a helpful list of tax issues to consider when purchasing a property.

It’s generally recognised that buying a property comes somewhere on the list of highly stressful activities, along with divorce, Christmas, and filling in a VAT return. But the stress involved with arranging finance, chasing your solicitor, chasing your vendor, and wading through reams of ‘searches’ and so on, shouldn’t deflect your mind from considering the potentially very important tax aspects surrounding acquisition of a property.

So, here’s a check list, which hopefully will get you at least asking the right questions, from a tax planning point of view, when approaching a property purchase.