Tax traps and tax-smart ways to build a house in your garden
Tuesday, June 14, 2011 | Posted by: Stuart Maggs
Categories:
Personal,
Protecting your wealth
| Tags: tax,
property,
capital gains tax,
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income tax,
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Stuart Maggs,
sale,
PPR,
development,
income from property,
property trading,
reliefs,
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building in your garden,
second property,
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From time to time an Englishman stands and stares at his back garden and thinks, “You know, I think there’s room to fit another house in there.” The question of how to develop your property while minimising the potential tax liability then arises – and it’s a regular one for tax advisers.
