Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Do you think UK income tax will increase under the Labour Party?
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Autumn Budget key points
1. Income Tax additional rate threshold (ART) will be lowered from £150,000 to £125,140 from 6 April 2023
2. National Insurance contributions secondary threshold will be fixed at £9,100 from April 2023 until April 2028.
3. Dividend Allowance will be reduced from £2,000 to £1,000 from April 2023, and to £500 from April 2024
4. Capital Gains Tax Annual Exempt Amount will reduce from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.
5. Inheritance Tax (IHT) nil-rate band and residence nil-rate bands will be fixed at their current rates until April 2028
6. SDLT cuts – on 23 September 2022, the government increased the nil-rate thresholds of SDLT from £125k to £250k for all purchasers of residential property in England and Northern Ireland and increased the nil-rate threshold for first time buyers from £300k to £425k. The cut will remain in place until 31 March 2025.
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Where do you exchange your domestic currency for foreign money?
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Should you be getting a Stamp Duty Refund from HMRC? Have you purchased a property in the last 24 months?
There are many reasons that landlords overpay Stamp Duty when purchasing a home or property investment.
- Uninhabitable properties are not residential properties for Stamp Duty purposes
- The 3% SDLT higher rate does not apply to first homes or when replacing a home
- Stamp Duty is not charged when transferring properties between husband/wife/family member when there is no change of debt or exchange of money
- Incorporating your property into a limited company
- Paying the incorrect amount when buying residential and commercial property in the same transaction (flat above a shop)
- Buying 6 or more residential properties, including bedsits
video: zurl.co/aufR
Article: zurl.co/0NI9
Work out how much Stamp Duty Land Tax you should pay using our fee online Stamp Duty calculator.
Calculator: zurl.co/vtdf
Work with us to claim back the Stamp Duty refund from HMRC: zurl.co/hhfl
Thank you to our amazing pioneering strategic partners @Cornerstone Tax Advisors / @Cornerstone tax in supporting our clients year after year
#SDLT #StampDuty #StampDutyLandTax
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Have you done any tax planning for inheritance tax / estate tax / death taxes in the last 12 months
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Save UK tax using Capital Allowances on Furnished Holiday Lets (FHL)
It is possible to reduce property tax using capital allowances on Furnished holiday lets (FHL) (see video, article). You could claim up to 30% of the property value as a tax reducer.
Video: zurl.co/FhTf
Article: zurl.co/l21v
To make a claim get in touch here: zurl.co/21RM
Thank you to @Six Forward. Is to be Certain. for being such great strategic partners
#propertytax #tax #CapitalAllowances
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Access your pensions to invest in property
How are your pension funds performing?
Many of our clients are tired of being charged management fees for underperforming pensions to a point of erosion.
It is possible to access your pension funds and set up a Small Self-Administered Pensions (SSAS) for you to be in control of the investment decisions made (see video, article)
Video: zurl.co/e3H9
Article: zurl.co/yW5G
Get in touch with us to see how we can help you set up a SSAS pension or manage it more effectively: zurl.co/tfP8
#SSASPension #Property #Pension
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Do you have confidence in your government (UK or US) to get you out of this economic crisis
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Would you move country to save inheritance Tax / Etate Tax?
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Interest rates are increasing. What does this mean for you as a homeowner or landlord?
We need to consider interest rates and how they affect our financial position. Is now a time to fix those residential& buy-to-let mortgages?
Many of our clients are choosing to fix their mortgages as they are concerned that mortgage interest rates could increase up to 8%. Fact or fiction, there are a lot of worries out there.
Is now a time for action for you?
See video: zurl.co/hVgX
Need a buy-to-let mortgage? Let us help you: zurl.co/6BbB
#Mortgages #InterestRates #BankOfEngland
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US & UK International Accountants & Global Tax Services
Are you an American or British national or company considering moving or investing abroad? Managing taxes across borders can be daunting, but Optimise Accountants is here to simplify the complexities of international tax laws and ensure you can navigate them confidently.
We help you navigate the global issues that affect your wealth. We can guide you through the many UK & US Double Taxation Agreements (DTA) to help you avoid paying tax twice.
US & UK Tax Residency Advice: Understanding your US & UK residency status is crucial. We offer expert guidance to determine your residency status and optimise your position.
US & UK Taxes: From expat returns to compliance with the IRS & HMRC regulations, we ensure you meet your compliance obligations while living abroad.
You could be moving to/from the US, UK, Canada, Spain, Hong Kong, Dubai, or Australia. We can help you mitigate US & UK taxes whilst remaining compliant