Course Topics:
- The UK property income and investments, focusing on key concepts, tax obligations, allowable deductions, and strategies for optimizing tax efficiency and maximizing returns in the dynamic property market.
- The treatment of excess property losses carried forward and navigate the intricacies of tax relief limitations on financing costs for residential rental properties, including the application of the basic rate restriction to interest and related incidental costs associated with such properties.
- The rules for furnished holiday lettings, treating them like a business, knowing about tax benefits for furniture, pensions, and capital gains, and learning how to calculate profit or loss on a cash basis, all to meet regulations and maximize tax advantages.
- The eligibility criteria for Rent A Room Relief in the UK comprehending allowable deductions, and the implications for taxable income, enabling effective utilization of this relief in the context of property rentals.
- The taxation implications and regulations surrounding lease premiums on the grant of short leases (50 years or less).
- The Individual Savings Accounts (ISAs), guiding them in the principles of ISAs, eligible investments, contribution limits, and the associated tax benefits to enable effective financial planning.
- The intricacies of National Savings in the UK, providing a comprehensive understanding of the various savings options, interest rates, and tax implications associated with National Savings products for effective financial planning
Estimated time: 2 hours
- Teacher: Vince Chad Guiller Lacsamana