Capital Gains Tax Changes in 2021 | What Do UK Investors Need to Know?
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In this property education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), and successful property investor since 1995 shares his thoughts on Capital Gains Tax Changes in 2021 which includes presenting potential Capital Gains Tax Problems And Solutions to them.
Simon begins by explaining that if you are involved with UK Property Investing, then understanding property tax and how to pay less property tax is very important. One of the main property taxes is Capital Gains Tax which is when you pay tax on the profit from a rental property sale.
The media has widely reported that the Chancellor, Rishi Sunak may be introducing some Capital Gains Tax Changes in 2021. This is because the money that the Government has spent due to the Covid-19 pandemic has to be paid for somehow and so most people expect taxes will have to rise.
With there being a chance of Capital Gains Tax UK being doubled, Simon underlines how he wants to look at the exact tax situations right now and understand the impact they may have in the future. He talks in detail about the effect of Section 24, Corporation Tax UK, Income Tax Property and Inheritance Tax UK 2020 (IHT) currently being at 40%.
Capital Gains Tax Explained, he stresses how people are unaware of the fact that if you never sell a property, you will never have to pay UK Capital Gains Tax. He also talks through the benefit of a Capital Gains Personal Allowance which is good to make use of in your property development.
Simon highlights how Capital Gains Tax With Investment Property is only paid when you sell the property, otherwise if you have bought your property through a company structure you will just pay Corporation Tax UK With A Limited Company.
Attend your first virtual pin meeting for FREE using the code 'YouTube', just click on the link below:
https://propertyinvestorsnetwork.co.uk/meetings/
Видео Capital Gains Tax Changes in 2021 | What Do UK Investors Need to Know? канала Simon Zutshi
https://propertyinvestorsnetwork.co.uk/meetings/
In this property education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), and successful property investor since 1995 shares his thoughts on Capital Gains Tax Changes in 2021 which includes presenting potential Capital Gains Tax Problems And Solutions to them.
Simon begins by explaining that if you are involved with UK Property Investing, then understanding property tax and how to pay less property tax is very important. One of the main property taxes is Capital Gains Tax which is when you pay tax on the profit from a rental property sale.
The media has widely reported that the Chancellor, Rishi Sunak may be introducing some Capital Gains Tax Changes in 2021. This is because the money that the Government has spent due to the Covid-19 pandemic has to be paid for somehow and so most people expect taxes will have to rise.
With there being a chance of Capital Gains Tax UK being doubled, Simon underlines how he wants to look at the exact tax situations right now and understand the impact they may have in the future. He talks in detail about the effect of Section 24, Corporation Tax UK, Income Tax Property and Inheritance Tax UK 2020 (IHT) currently being at 40%.
Capital Gains Tax Explained, he stresses how people are unaware of the fact that if you never sell a property, you will never have to pay UK Capital Gains Tax. He also talks through the benefit of a Capital Gains Personal Allowance which is good to make use of in your property development.
Simon highlights how Capital Gains Tax With Investment Property is only paid when you sell the property, otherwise if you have bought your property through a company structure you will just pay Corporation Tax UK With A Limited Company.
Attend your first virtual pin meeting for FREE using the code 'YouTube', just click on the link below:
https://propertyinvestorsnetwork.co.uk/meetings/
Видео Capital Gains Tax Changes in 2021 | What Do UK Investors Need to Know? канала Simon Zutshi
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