Tag Archives: property

Skewed Tax on Rented Property Drives up Rents

Reports are coming in that the governments skewed tax increase on some, but not all, buy-to-let landlords has driven up rents for tenants. The problem is that the Cameron government denied tax deductions for certain costs for, mainly, private individual … Continue reading

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Half of All Inheritance Tax Paid in London and SE

Half of all UK inheritance tax is paid in London and SE England. Hardly surprising to me as a tax barrister and to other tax fans, given property values in SE England. Next. Eamon McNicholas Tax Barrister, Accountant

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Chinese Tax Revenues up by 9%

News is that Chinese tax revenues were up 9% in the first nine months of this year. This was mainly due to big rises in property tax receipts but VAT and personal tax takes rose too, tax fans. Eamon McNicholas … Continue reading

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Property Tax / Rental Income – Out of Tune

As a tax barrister I was interested to see that a commercial property company owned by a political party (Labour) has not paid any tax since 2003. Despite millions in rental income over the years it somehow made losses. This was partly due … Continue reading

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Revised guidance for trade or property businesses

“HMRC is publishing draft revised guidance on what is a repair for direct tax purposes to replace the guidance currently in the Business Income Manual at BIM46900 onwards and that in the Property Income Manual at PIM2020, see Revenue & … Continue reading

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UK Tax Experts Criticize Property Tax Avoidance Measures

The new Annual Residential Property Tax will be introduced from April 2013. Here’s what (some) tax experts have to say: http://www.tax-news.com/news/UK_Tax_Experts_Criticize_Property_Tax_Avoidance_Measures____59414.html Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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