Overseas property owners have been urged to inform HMRC if no disclosure on tax has been made already.
Tax specialists are warning advisers to notify their foreign property owning clients of a new investigation team established by HMRC to track down people who own land and property abroad by ‘data mining' publicly available records.
One tax consultant and former…
Research has found that 22% of homeowners, amounting to 3.5m people, are unaware of how an increase in base rate would affect their monthly mortgage payments.
Despite increasing speculation that the base rate will soon rise, the survey showed that 16% of borrowers on their lender's standard variable rate and 13% of those on a tracker rate do not know what an increase would do to their mortgage…Continue
Added by Mark Williams on April 11, 2011 at 16:00 — No Comments