Before 5 April 2015 a non-resident landlord selling UK residential property was exempt from paying Capital Gain Tax* (CGT). However following the recent tax changes, overseas residents with homes in the UK have been urged to revalue their property to avoid overpaying tax if they come to sell it. From April 2015 an oversees landlord selling UK residential property must pay CGT but only on the gain you’ve made since 5 April. (ft.com)
*Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the amount of money you receive. Example: You bought a painting for £5,000 and sold it later for £25,000. This means you made a gain of £20,000 (£25,000 minus £5,000). (source)
We all know arguments can turn very nasty so why not to learn How to Win Any Argument in the first place? (bussinessinsider.com)
It came as a big surprise that CEO of Survey Monkey and husband of Facebook COO Sheryl Sandberg died suddenly at the age of 47. (wsj.com)
Canary Wharf Cross Rail station building and roof gardens open to the public. (ft.com)
Plank challenge in May. (peanutbutterrunner.com) I am definitely in and was wondering who would like to join :) ?