Why do people look to property as part of their retirement plans?
One attraction to investing in bricks and mortar in retirement is being able to see the physical asset, which you can’t in the same way with a pension. The most senior economist in the UK – Andy Haldane from the Bank of England – stated his preference for property investment as the best way to save for retirement, sparking a debate about whether property or pension was the best route 2 years ago.
For many, property investment is one aspect of their savings strategy for retirement and, for those who have already stopped working, an attractive way of supplementing their income.
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 email@example.com 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
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.
Are you an individual or a Company affected by the change in tax on property?
The recent tax change can either hold a cloud or silver lining for you… how best to cope with these obstacles.
You could be feeling a double blow with the announcement that tax relief on buy-to-let mortgage interest payments would be slashed from April 2017 and that buy-to-let properties (and second homes) would incur an extra 3 per cent stamp duty. If you’re new to buy-to-let, you might not appreciate the grand scale of this is. Up to now, people buying to let have been able to claim tax relief on their mortgage interest payments at their marginal rate of tax. This means that a basic rate taxpayer would get 20 per cent tax relief, but those at a higher rate would receive 40 per cent relief, while top-rate taxpayers could claim 45 per cent.