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Tax Newsletter – There’s no place like home…!

In this edition we consider some of the valuable tax reliefs that apply to your home.

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Two houses
Pensions

If I make a profit when I sell my home, tax is never payable…is it?

Most of us know that we are not required to pay capital gains tax if we make a profit on the sale of our home and this is correct.  However the relief is not always as straight forward as it seems…click here for further details on how to make this valuable relief work for you…

Can I have more than one home and still sell both properties tax free?

If you have more than one home only one can be exempt from capital gains tax.  However it is possible to choose which home will qualify for relief. Read, Can I have more than one home and still sell both properties tax free?

Will I pay inheritance tax on my home when I die?

Yes your home(s) form part of your estate when calculating your liability to inheritance tax.  The Government announced the introduction of a new inheritance tax free allowance of £175,000 per person to be used against the family home….but is this allowance as good as it sounds.

Welcome to Revell Ward Chartered Accountants in Huddersfield!

We are a firm of Chartered Accountants based in Huddersfield and as you will see from our website we like to do things a little bit differently. Our offerings include all compliance services such as; Audit, Personal and Corporate Tax, Bookkeeping, Management Accounts, a Payroll Bureau and much more.

Our clients are based in Huddersfield and beyond and have many positive words to say about us so why not visit The Truth About Revell Ward page and find out for yourself.

We are very passionate about what we do and know that you too are passionate about what you do and for that reason we have devised The ‘Revell Ward Wheel of Fortune’, the wheel asks questions that every business owner should know the answers to but often don’t have the time to find these answers. The wheel demonstrates Revell Ward’s added value services and clearly defines the expected outcome for those who ‘step on’. This is a strong example of the firm’s clear but innovative approach to helping businesses achieve their goals in a more strategic way.

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