Blog
Rebuild your pension pot with rental income
Rent paid to a SIPP does not count towards the annual allowance or MPAA. Read this article to find out how this can help you rebuild your pension pot after making withdrawals having reached age 55.
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.
Giving away the family home – beware the gifts with reservation rules
You might think gifting your family home to a family member before your death helps them avoid paying inheritance tax, but there are pitfalls some of which we explore in this article. #inheritancetax #propertytax
Use the property allowance to make tax-free income from renting your drive
Read this article to find out how to benefit from the property allowance to earn tax-free income from renting your drive. #propertyallowance
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
What qualifies for private residence relief?
Private residence relief shelters any gain on the sale of your home from CGT. This article explains when the relief applies. #ppr #pprrelief
CGT on residential property gains – are you aware of the 60-day limit?
Read this article to find out when you need to report residential capital gains and pay the associated tax #60daylimit #cgt #residentialgains
Different lets, different tax rules
Find out about the differences in the way traditional residential lets and holiday lets are taxed. #FHL #propertytax
Managed lets – is VAT due on recharged expenses
Read this article to find out whether a letting agent needs to charge VAT on costs passed on to landlords. #disbursements #recharges #VAT
Identifying a UK property rental business
There are four different types of property business, and each are taxed differently. In this article we define each business type and explain what you need to know about their tax treatments. #propertytax #landlord
60-day window to report residential property gains
Taxpayers now have 60 days rather than 30 to inform HMRC about chargeable gains on property. In this article learn what a chargeable gain is, when you should report it and how. #propertytax #sellingproperty
Is a property company a tax-efficient option?
Read this article to discover the tax implications of operating your residential property let through a company #propertycompany
The Construction Industry Scheme and property investment companies
In this article you can find out when the CIS might apply to a property investment company. #CIS #deemedcontractor #mainstreamcontractor
Holiday lettings – beware of longer lets
Read this article to find out whether longer lets may jeopardise the favourable tax rules for furnished holiday lets, and why they need not #fhl
Take advantage of the rent-a-room scheme
Read this article to discover how you can earn tax-free rental income under the rent-a-room scheme #rentaroom
Lettings relief – do you qualify?
If you let part of your home, private residence relief is not available on any gain relating to the let part. However, if you share your home with the tenant, you may benefit from lettings relief. Read this article to find out more.
Are you able to claim small business rate relief for your furnished holiday let?
Read this article to see whether you are eligible for small business rate relief on your furnished holiday let #smallbusinessraterelief
Can you benefit from rent-a-room?
You can potentially earn rental income tax-free if you let out a furnished room in your own home. Learn more about the rent a room scheme in this article. #propertytax #rentaroom
Making use of the property income allowance
You can earn a small amount of income from your properties tax-free. Make sure you’re benefiting from the property income allowance by reading this article. #propertytax #landlords
Taxation of Buy to Let Properties
The income is treated as the profits of a Property Income Business. If the owner of the property is an individual or a trust the profits are charged to income tax for the tax year to 5th April. If the owner is a company the profits are charged to corporation tax for the accounting period of the company.