We can advise on:

SCHEDULE A & SCHEDULE D INCOME TAX
In order to reduce your taxable income you will have to ensure that you claim all allowable expenses. Adequate records must be kept so that you can substantiate all expenses claimed. Full use of personal allowances also help to reduce the tax bill.

MINIMISING CAPITAL GAINS TAX LIABILITY
Reducing the amount paid on the capital gain when disposing of the property. This can be significantly reduced if thought is given before purchase.

INDEXATION ALLOWANCE
This allowance takes into account rising prices until April 1998
and hence you will not be charged on the increase in value due to
inflation.

TAPER RELIEF
Taper relief replaced the indexation allowance from April 1998. There
are specific rules to Taper Relief relating to length of ownership and
other factors.

DISCRETIONARY TRUSTS
Trust is a specialist area and you should always seek professional tax
and legal advice. It may, however, serve as a good vehicle to reduce
capital gains and inheritance tax.

VENTURE CAPITAL TRUSTS AND ENTERPRISE INVESTMENT SCHEMES
It is possible to defer the capital gains by investing in shares that qualify
as Venture Capital Trust (VCT) and Enterprise Investment Schemes
(EIS).

SECOND HOME NOMINATION
In most cases the home you live in is nominated as the principal private
residence unless your second home is of higher value.

FURNISHED HOLIDAY LETS
Furnished holiday lets are viewed in a different light by the Inland Revenue. As a 'business' taxable allowances are more generous.

PROPERTY ABROAD
You may be eligible to claim for double taxation relief depending on where the property is located.