Individuals / October 10th 2019

Could holding onto your property past April 2020 be costly

After months and months of debates, discussions and quite possible arguments, it seems like we are now still nowhere nearer to knowing if (or possible not) Brexit will occur on October 31st 2019. With this in mind, as a tax adviser, many of the questions I receive revolve around, should I sell my property because of Brexit,

Within most leases there is often a requirement for the landlord to provide an annual statement of service charge expenditure to occupiers after a service charge period. It is common for the annual statement to be certified by the landlord’s surveyor, managing agent and accountant. Certain leases might also require the st

Many individuals pay into a pension scheme each year, whether through their employer, making their own contributions into a private scheme or a combination of both.  However, what most taxpayers don’t know is that there is both a life time limit and annual allowance.  Exceeding either of these comes with a significant t

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

In the autumn budget in October last year, the government announced fresh changes to the UK tax system, making good on their campaign promises to cut income tax rates and increase the personal allowance. The new legislation means millions of UK households will be better off, with basic-rate taxpayers recouping, on average,

Announced in the spring budget of 2015, Making Tax Digital (or MTD) is the government’s pioneering initiative to modernise the UK tax system. By introducing digital record keeping across the board, the programme is set to revolutionise the way we do our taxes, making the entire process simpler and more efficient. In this

January 31st is a tax advisers worst nightmare when it comes to filing deadlines. Many will understand that as the end of January draws in, working hours get longer and most new year’s resolutions regarding ‘eating healthier’ and ‘hitting the gym more often to get into shape’ soon go out the window due to the extr

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

With the government at loggerheads over Theresa May’s withdrawal agreement, and whispers in Whitehall growing ever louder over the possibility of a no-deal Brexit, the UK, at least in the short term, is facing an uncertain future. Whether you’re an ardent Remainer or a die-hard Brexiteer, the fact remains that our immin