John Hood deciphers new tax legislation on holiday homes in economia
Kingston Smith’s head of tax dispute resolution John Hood explains HMRC’s new tax regime for Brits buying property abroad. Hood’s article advises those owning or planning to buy property abroad of the new rules that HMRC is introducing. It’s specifically how the funds are raised, how the maintenance costs are met and how much revenue is generated from letting or selling that HMRC is interested in.
For more information on HMRC’s new legislation or other tax matters, please contact a member of our team or visit our tax web page.
John’s article appears in the economia. Read the full article here.