Key updates that property owners of FHLs need to know, ahead of 6th April 2025, affecting areas such as tax relief on loan interest, pension contributions, capital allowances, and more.
Personal Tax These come into force from the 2019/20 tax year including, an increase to the personal allowance and higher rate threshold, changes to residential inheritance tax and capital gains tax regime for non-UK residents Personal allowance and higher rate threshold The personal allowance increases on 6 April 2019 to £12,500 from £11,850. This will