Landlords and Property / April 24th 2019

Should I Convert my Buy-to-Let Property to a Furnished Holiday Let?

The last few years have seen a number of controversial changes to the UK tax system, and for buy-to-let landlords, the new legislation has proved particularly costly. Cuts to tax relief and hikes in stamp duty have seen profits from residential lettings dwindle, with some BTL landlords struggling to stay afloat. In light of

Whether you’re an experienced investor or a first-time landlord looking to dip your toe into the market for the very first time, VAT can be a complex and often confusing issue. In this article, we’ll look at some of the ways in which VAT can affect the sale, purchase price and rental income of commercial property and pr

Whether you’re a first-time landlord or an experienced investor, managing a rental property can be tricky, with all the same challenges and time constraints as any other business. To make life a little easier, we’ve compiled a list of handy tips to help you maximise your profits and streamline your operation. Get Organ

In recent years, HMRC have used a number of campaigns and amnesties to target particular groups of taxpayers.  Usually for a defined period of time, taxpayers who fall within that group have a period of time to come forward to rectify their tax affairs and deal with any undeclared or under-declared income or gains.  Durin

Tax Deductible Expenses for Landlords When you let out a property, there will be inevitable items of expenses which are incurred. It is important to understand / know which of these items will be deductible against your rental income for the purpose of UK taxation. Below is a table of those which can and cannot be ded

The buy-to-let market is changing, and, with a raft of government reforms introduced over the past few years, including new laws for private landlords and changes in taxation, it’s more important than ever to stay informed. So, whether you’re a seasoned investor, or you’re looking to dip your toe in the market for the

We are seeing more and more people come forward to declare rental income that previously had not been included on their tax return. More often than not, this is being triggered by letters sent out by HMRC. HMRC now have direct access to HM Land Registry and so are easily comparing land records with individuals’ tax ret

Knowing what is required and what the options are allows lenders to plan and prepare their business for a future event. Below are the main accounting policies that are most likely to impact lenders. Profit and Loss Accounts for lenders Revenue recognition Interest, fees and default fees should be charged on an accru

Annual Tax on Enveloped Dwellings (ATED) ATED is an annual return and a charge on companies and certain other entities who own dwellings. This is required at the point of purchasing a house worth over £500k, and then every year after. Various conditions are detailed below, along with reliefs which will prevent most busine

Taxation… it’s one of those things that nobody really likes to face head on, but of course it often becomes extremely important to understand the rules (and changes to rules) to ensure that you are best equipped to plan for the future. In recent months, there have been many changes to the buy-to-let sector which has