Housing Property Accounting Property Capital Gains Tax Category

Property inheritance and capital gains taxProperty inheritance and capital gains tax

22/04/202422/04/2024 Steven Rider CPASteven Rider CPA 0 Comments

Property inheritance is the transfer of property to an heir or beneficiary upon the death of an owner. There are various tax implications triggered when inheriting an investment property, particularly where capital gains tax (CGT) is concerned. In the instance that an inherited property is sold immediately, the tax implications{...}

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Housing Property Capital Gains Tax Category

Property renovators could be taxed up to 47pc under new rulesProperty renovators could be taxed up to 47pc under new rules

22/04/202422/04/2024 Steven Rider CPASteven Rider CPA 0 Comments

Property renovators and “flippers” who buy and sell for a quick profit could be taxed at their highest marginal rate of up to 47 per cent when selling houses after an Administrative Appeals Tribunal decision, lawyers say. This would also mean losing their capital gains tax discount of 50 per{...}

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