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Property Developers

When flipping taxes may trip up property developers

Property market commentators are divided on whether 2024 will see a further dip in house prices, while buyers play “wait and see” on the mortgage market. Meantime, many starter property developers are once more being drawn into the sector, with the lure of fast profits to be made while the market is slow. There are lots of advice available on making money from property, there is caution to be taken on the tax bills that investors may encounter if they are successful in building a portfolio or ‘flipping’ property by…

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Freehold estates

Unlike other residential areas, freehold estates are privately owned or mixed tenure estates which are not owned or maintained by the local council. The effect is that the owner of this land is responsible for the costs of maintaining and repairing the area, and these costs can be sometimes known as ‘rent charges’.

Common myths about inheritance tax planning

Inheritance tax planning is a crucial aspect of financial management, yet it is often shrouded in misconceptions and myths. As the New Year begins, it's an opportune time to debunk these common misunderstandings and shed light on the realities of effective inheritance tax planning.
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