Arguably, this is more of a warning than a tip, but it is vital to remember that any UK resident individual buying property abroad is still exposed to UK tax on that property.
Latest Taxes Articles
Top Ten Tax Tips for Foreign Property Owners
Posted on April 10, 2008 by Carl BayleyReal Estate Investors - Don't Just Sell, Make A 1031 Exchange
Posted on March 18, 2008 by Trisha CoppleyAs an investor, you know that single dollar that you have working for you is compounding your wealth, and, in contrast, each and every dollar not working for you represents a missed chance to increase your wealth. When it comes time to make a sale on a piece of real estate,
Protect Yourself From Unnecessary Tax Loss Today!!
Posted on March 11, 2008 by Carelin BellTaxes are important and should be paid. They are the money that we pay to the government so that the government can serve us better. However, payment of taxes is a complicated problem.
Tax Disputes and the How to tackle them
Posted on March 11, 2008 by Carelin BellPaying taxes to local and national governments is something that we are all required by national law and it just makes only a part of our duties as a citizen.
9 Expensive Mistakes Canadians Make When Filing Tax Returns
Posted on March 7, 2008 by Pavel YurievIncome Tax is a Game, and the Rules are complex. There is a lot of money at stake when it comes to tax matters. And believe it or not, tax preparation mistakes could be pretty expensive.
Online Tax Return Makes Yout Life Easy
Posted on March 7, 2008 by ItsMyTaxPreparing your tax return online is one of the best options that you can utilize for calculating your taxes. There are several sites on the web where you can calculate your tax return. In fact, opting for tax return online can prove to be of great advantage to you as not only it is time saving but also gives out accurate results. Filing tax return online makes the entire process much eased out for you and also hassle free.
Don't Dread Filing Your Income Taxes - Money-Saving Strategies May Be Available!
Posted on March 1, 2008 by Ron FinkelsteinLots of people will sigh with bitter remembrance when you utter the name of the springtime curse: "taxes". With the rate of federal income tax withholdings being pulled out of each paycheck - even without state, Social Security, or Medicare taxes to salt the wound - it's not hard to understand why most consider annual taxes to be a burden; even making them feel used by the system.
Top 10 Tax Tips for the Self Employed
Posted on March 1, 2008 by Ron FinkelsteinThe ease of communication permitted by modern technology including the Internet, teleconferencing, and mobile communication has led many professionals to begin working for themselves. Among these empowered self-employed professions are an increasing number of coaches, consultants, contractors, and traditionally agent managed freelance occupations. What may have been independently solicited work to supplement a main income, has now become the main full-time job for many. While this allows workers...
There's No Downside to a 1031 Capital Gains Deferral
Posted on February 28, 2008 by Trisha CoppleyA 1031 exchange is a technique often used by property investors to defer tax liability on a property's sale. This is done by transferring the rights to a piece of property one would like to sell to an intermediary, who holds the proceeds from its sale and uses the money to purchase a replacement property in compliance with the rules delineated in Section 1031 .
Homes: A Tax Shelter You Can Live In
Posted on February 18, 2008 by Kelli BennettTax and legal benefits may not be the first things on the minds of home buyers, but they provide some of the best reasons for owning a home. Well-informed buyers know that homes double as great tax shelters, allowing owners to deduct tens of thousands every year for a wide variety of income tax categories. The best part is that they provide a tax shelter you can actually live in.
Popular Taxes Articles
Direct Taxes Code Is Silent On Tax Treatment of Reverse Mortgages
Posted on November 13, 2009 by TaxmannThe 2009 is silent on the tax treatment of reverse mortgage. The author opines that having regard to the nature of the transaction, the position which prevails under the Income-tax Act, 1961 will continue under the Code also. However, it is desirable that express provisions be incorporated.
The Truth About Using a Common Carrier Exemption
Posted on January 17, 2008 by Thomas AlstonOften people ask my opinion of the various exemptions that can be used to exempt an aircraft from California sales and use tax. I have a canned response that runs them briefly through the available methods.
Tax Deductions the Easy Way
Posted on February 26, 2008 by Ron FinkelsteinDoes the thought of preparing your small firm's tax return make you queasy? Do you put it off until the deadline, hoping against hope that it will disappear? You don't need to go through this anymore. There is now an excellent small business owner's guide to tax preparation that can aid you to stop procrastinating any longer.
Payroll Processing Services - Saves Time For Business
Posted on June 19, 2008 by Article ManagerPayroll processing is one of the boring tasks that involve the calculation of salaries and tax deduction on the basis of working hours, distinct department and different pay scale. The work comes with full mistakes; therefore, outsourcing the payroll processing services comes as the solution. It saves time of the employer that can be utilized in the core activities of the business and also saves the employees from legal tax proceedings.
Design a Proper Personal Tax Planning Scheme
Posted on July 15, 2009 by Articles ManagerThere is a very thin line between tax evasion and tax avoidance, hence, it is important for every individual to understand and realize the legal aspect of their personal tax planning scheme as otherwise, they might get trapped into certain harrowing illegal activities.
Service Tax – Budget Highlights 2009
Posted on August 9, 2009 by TaxmannThe Economy may be good or bad, there may be any progress or not, there may be development or not, but imposition and leviability of taxes is certain for the growth of the country. Shri Pranab Mukherjee has also in his Budget done it for the benefit of the country at large.
Taxation of Import of services in India and levy of Service Tax
Posted on October 20, 2009 by TaxmannThis article deals with the taxation of import of services in India and evaluation of levy of service tax in the light of some relevant circulars and notifications. The author has also referred to a decision of the Bombay High Court in Indian National Shipowners Association v. Union of India [2009] 18 STT 212.
Hong Kong Tax - Explained
Posted on November 12, 2009 by Melissa GlotzerHong Kong is a popular location for business ventures and offshore activities given key attractive factors in its government, its jurisdiction and its policies on trade and investment. Tax is also a decisive point in Hong Kong company incorporation and offshore business ventures. Hong Kong’s corporate tax rate is reputably low and Hong Kong boasts a tax system that is intricately designed to benefit its companies while being simple and straightforward to understand.
AeroMarineTaxPros.com: You Need to Know the Difference Between Sales and Use Tax or You'll Pay for Your Ignorance
Posted on November 30, 2007 by Thomas AlstonThis article contains information designed to help a prospective aircraft or vessel buyer to understand the maze known as California Sales and Use Tax Laws and Regulations. This first section will contain some definitions. It clears up questions, such as, "Who owes the tax?" and "What is use tax?"
Who Really Pays Income Taxes
Posted on April 1, 2006 by Arthor PensWith all the talk of the rich not paying their fair share of taxes and the tax cuts earlier this decade only going to the rich, here are some facts to contemplate and you as the reader can make your own opinion.
