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Sold a property? You may need to tell HMRC
For UK residential property sales that took place on or after 27th October 2021, an individual now has 60 days from the date of completion to deal with any Capital Gains Tax compliance.Find out more
Who needs to file a tax return?
Self-Assessment is the system that was created by HM Revenue & Customs (HMRC) to ensure the correct amount of tax is collected for a tax year. You should therefore check each year whether you need to...Find out more
How businesses, landlords and homeowners can cope with rising interest...
With the UK’s interest rates at a record high, what can business owners, landlords and homeowners do to deal with the impact?Find out more
HMRC targets landlords for undeclared income tax
HM Revenue and Customs (HMRC) has accelerated its focus on undeclared income tax from buy-to-let landlords, with an 83% rise in cases during the 2022/23 tax year.Find out more
Tax and rule changes holiday home owners need to know
Holiday home owners need to be aware of several rule changes which could impact them. We look at the four main changes you need to be aware of:.Find out more
Your guide to landlord tax and allowable expenses
Landlords who own residential property need to be aware of their tax reporting requirements throughout ownership.Find out more
Buy-to-let landlord incorporations on the rise
Many landlords are now considering their options and looking at how they operate their portfolios due to challenging market conditions and a less favourable tax regime.Find out more
Council tax for second and empty homes under the microscope in Scotlan...
Proposals to increase the level of council tax due on empty and second homes in Scotland are under consultation, in a move which could impact second home owners.Find out more
How much is tax on rental income?
In this article, we will cover the basics of rental income tax, how much tax you’ll pay and what you can claim back from the Government.Find out more
The Growth Plan: How it affects the property market
The Government’s Growth Plan included a string of significant tax measures that are already having a significant impact on landlords, and the UK property market as a whole.Find out more
5 things landlords need to know
Being a landlord can be difficult and it’s important to prioritise what you need to know. This short guide to help you on your way, whether being a landlord is new to you or you’d just like a refreshe...Find out more
Do you need to complete a self-assessment tax return?
Although not everybody needs to complete a self-assessment tax return, there are several situations where you could be required to complete one, even when you are an employee and have tax deducted fro...Find out more
HMRC continues to scrutinise landlord records to identify undeclared r...
Latest figures reveal that 42% fewer landlords voluntarily disclosed unpaid tax to HMRC.Find out more
Late filing penalties for capital gains tax mount up
The 30-day window for capital gains declarations has only applied since 6th April 2020, however HMRC has already filed £1.31m worth of late filing penalties for undeclared income from UK asset disposa...Find out more
An update for property landlords
In this free webinar, we provide an update on tax and related planning points for landlords.Find out more
Five bookkeeping tips for buy to let landlords
Whether you let out one or multiple residential or commercial properties, it’s vital that you maintain accurate and up-to-date records of your income and expenses to comply with HMRC requirements.Find out more
Airbnb host earnings now received by HMRC
HM Revenue and Customs (HMRC) now has access to the income of Airbnb hosts, highlighting the importance of landlords being transparent about their taxable lettings income.Find out more
New funding schemes help landlords and homeowners become more energy e...
A series of new grants and funding schemes across the UK are available to landlords and homeowners to help cover the cost of improvements including insulation, double glazing and other energy efficien...Find out more
Commercial tenants protected from evictions until 2021
Small businesses struggling to pay their commercial rent are to be protected from the threat of eviction from their commercial premises until the end of 2020.Find out more
Chancellor reassures MPs over the prospect of tax rises
Amid reports of potential ‘historic’ tax grabs, Chancellor Rishi Sunak has moved to reassure Conservative MPs that a “horror show of tax rises with no end in sight” is not on the cards, despite having...Find out more
Government confirms details about its Green Homes Grant scheme
The Government has confirmed more information about its £2bn Green Homes Grant Scheme which will help the construction industry by funding homes improvements in EnglandFind out more
Fewer landlords declared underpaid tax to HMRC last year but a fresh c...
The number of buy-to-let landlords who declared underpaid or avoided income tax in 2019/20 more than halved compared to the previous year.Find out more
Tax and Accountancy Considerations for Landlords
In this free webinar we'll be focusing on landlords. We will be covering everything you need to consider when paying tax and keeping records as a property landlord, including our top tax saving tips.Find out more
Temporary cut to the Land Transaction Tax in Wales
The Welsh Government announced on the 14th July a temporary increase to the nil rate band of Land Transaction Tax for residential property transactions in Wales.Find out more
Temporary cuts to Land and Buildings Transaction Tax in Scotland
The Scottish Government has followed suit with the UK Government by announcing a temporary cut to the country’s Land and Buildings Transaction Tax in a bid to stimulate Scotland’s housing market.Find out more
Green Homes Grant unveiled in Summer Economic Statement
In a ‘win win’ move for homeowners and local businesses in England, Sunak also announced a new Green Homes Grant which will apply from September.Find out more
Stamp duty cut announced in Summer Economic Update
In the Summer Economic Update the Government announced a temporary change to the stamp duty rules in England and Northern Ireland, which will mean anyone purchasing a main home for under £500,000 will...Find out more
Mortgage payment holiday set to be extended
Mortgage payment holidays were due to cease at the end of October, however the Government has now announced that these will be extended.Find out more
Changes to landlord Capital Gains Tax rules
Changes in relation to Principal Private Residence (PPR) and letting relief were introduced on 6th April 2020.Find out more
Guidance for furnished holiday lets affected by the COVID-19 outbreak
A number of tax changes over the years have led to a number of landlords abandoning traditional long term letting of their properties. As an alternative, some landlords have instead looked at the holi...Find out more
Guidance for landlords affected by the COVID-19 outbreak
Landlords should be aware of several changes introduced by the Government in relation to the COVID-19 pandemic.Find out more
Capital gains tax for landlords could rise by thousands overnight
The Association of Taxation Technicians has warned property landlords of a potential overhaul of letting relief rules, which could result in bigger capital gains tax bills when they sell their propert...Find out more
The tax advantages of classing your property as a Furnished Holiday Le...
Those whose rental properties are in areas with a demand for holiday accommodation may find that a furnished Holiday Let is a more tax efficient alternative to buy-to-let properties.Find out more
Let Property Campaign still targeting landlord income
Let Property Campaign still targeting landlord incomeFind out more
Read our expert answers to your Landlords questions
Can I claim mortgage interest as a deduction on my rental property acc...
I have a portfolio of four rental properties and I want to ensure that I am claiming all relevant expenses against the income. I am a little confused over the changes to the claim of mortgage interest...Find out more
Are furnished holiday lets treated differently to standard let propert...
I am considering purchasing a rental property as an investment and have heard Furnished Holiday Lets are treated differently for tax compared to a standard let property. Can you explain some of these...Find out more
Do I have to file my Capital Gains Tax report in 30 or 60 days?
I have just sold a property in the UK and am unsure if I have to file a Capital Gains Tax report within 30 or 60 days?Find out more
I have been renting out a house for several years but have never told...
How should I declare this unreported income from renting my property to HMRC?Find out more
I have sold a residential property but why do I have to report this to...
The last time I sold a residential property, it was almost two years before I needed to report the sale to HMRC and pay the capital gains tax. Why the urgency this time?Find out more
How to report rental property to HMRC if you live outside the UK
I will be leaving the UK to work abroad and will be renting my UK property out, while I’m away. How do I report the rental income to HMRC?Find out more
Can I use the property allowance on rent I receive from my company?
I own/control a limited company that I charge rent to for a property that I own personally, can I use the property allowance against it on my self-assessment tax return?Find out more
Renting out my home on Air BnB
I’m thinking about renting out my home on Air BnB whilst we’re on holiday. Will we have to pay tax on the rent we receive?Find out more
Tax when you sell your home
We are selling a property that used to be our family home but has been let out for the past few years. What tax could we face?Find out more
Gifting a property to your children
I would like to sell a property to my son and his wife for half its value. Are there any tax implications if I sell a property for less than its worth to my son?Find out more
Property losses - do I need a tax return?
I have a Buy to Let property, but because of the size of the mortgage, I do not make any profit from it. I am employed and have never submitted a tax return before- do I need to now?Find out more
Non Resident Landlord Scheme
I emigrated to Australia last year, and began to rent my home in the UK. I decided to rent this property to a friend, and as such will not be engaging a letting agent. My friend will be paying the ren...Find out more