There are many different types of property tax that investors may have to face in addition to the tax payable on income generated from rental returns. It's important to be aware of the different taxes investors may be liable for as it can make a big difference to their return on investment and the success of their property portfolio.
These taxes include can have a significant impact on the earning potential from an investment property and with recent changes made to tax on buy-to-let properties, investors now have to consider the tax implications of their investments and should undertake thorough tax planning in order to maximise their returns.
We have put together a useful guide to the different types of property tax including buy-to-let property tax, tax on property income, stamp duty, inheritance tax, capital gains tax and whether it's profitable to use a limited company to register your property, in order to give you a better understanding of tax applicable to investment properties and what your tax responsibilities are.
Our guide to buy-to-let property tax gives a detailed explanation of the different types of tax applicable to property investments including stamp duty, inheritance tax, capital gains tax and income tax on rental income.
Our guide to stamp duty land tax explains how stamp duty land tax works in more detail, including the rates for residential and non-residential or mixed use land and properties and in what cicrumstances stamp duty land tax is applicable.
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Our glossary of terms contains a comprehensive guide to various property investment related terms to give you a better understanding of the language and terminology used when talking about investing in property.Find out More