Blog
UK and overseas property businesses
The profits and losses from UK and overseas lettings are determined separately for tax purposes. Read this article to find out about what constitutes a UK property business and an overseas property business.
Jointly owned holiday lets – Should you make a Form 17 election?
Read this article to find out why, following the end of the FHL regime, spouses and civil partners who jointly own a holiday let should consider whether a Form 17 election is beneficial.
Enjoy £1,000 of property income tax-free
Read this article to find out how you can enjoy property income of £1,000 free of tax #propertyallowance
Looking ahead to MTD for landlords
Read this article to find out when landlords will need to comply with Making Tax Digital for Income Tax, and what they will need to do to meet their obligations.
Relief for replacement domestic items
Read this article to find out when you can deduct the cost of replacement domestic items in a residential let in calculating the profits of the property business.
HMRC revise stance on replacement boilers
HMRC have revised their view on the tax treatment of boiler upgrades. Read this article to find out what you need to do if you are now entitled to tax relief for the cost of a boiler upgrade.
Reporting residential property gains
If you make a chargeable gain on the disposal of a UK residential property, you need to tell HMRC and pay the tax on the gain within 60 days of completion. Read this article to find out how to do this.
Calculating the capital gain on the sale of an investment property
In calculating the capital gain or loss on the sale of an investment property you can deduct allowable costs. Read this article to find out what costs can be deducted.
Make use of simplified expenses
If you run your unincorporated property business from home, you can use simplified expenses to calculate how much to deduct in respect of additional household costs incurred as a result. Read this article to find out more.
Undertaking work on a rental property while empty – can you deduct the costs?
Can you claim tax relief for any work you do on your empty rental property? In this article we provide answers. #landlord #propertytax