The newly installed coalition Government in the UK has set about its task in earnest to cut the budget deficit. Amongst the first group of people in its sights is the army of 2nd property owners who acquired 2nd properties under the BUY TO LET bandwagon. Unless they sell quickly they could face a tax increase from 18% to 40%.  Chess advises you consult a tax expert to advise you on your allowances and position.

Our experience is that the NRI population doesn't seek professional help even though its freely available and end up losing £000's in the process. They fail to utilise tax allowances and tax planning is way down the list of priorities. This attitide extends to the SME sector too where there is a cultural resistance to seek expert help with their businesses and as a result few rarely escape the one-shop mentality.

For expert guidance call Chess.