The property market for landlords has been experiencing a lot of changes in recent months. After the interest rate hikes, many landlords have been questioning whether it is still profitable to continue being a landlord. They are curious to know if the business of being a landlord is still worthwhile. Why is it difficult […]
Tag Archives: landlords
Landlords, partnerships, Personal Tax, Tax Advice, Tax Tips
How can you incorporate your property business in a tax-efficient way?
22
Jun
Jun
Landlords are currently facing a challenging landscape, causing many to reconsider their decision to remain in the industry. If you plan to continue as a landlord, you may now be considering incorporating your property business. This could deliver some financial and tax advantages. So how can you incorporate your property business in a tax-efficient way? […]
26
Oct
Oct
Rent a Room scheme was introduced twenty years ago and still remains a very useful relief when you share your home with tenants. The move was initially made to encourage you as taxpayers to share your spare space. Twenty years on we still have a housing crisis, so the relief remains relevant. So, what is […]
Accounting Tips, Bookkeeping, HM Revenue & Customs, News, Tax Advice
Making Tax Digital (MTD – Updated January 2023
21
Sep
Sep
The introduction of Making Tax Digital (MTD) has been delayed until 2026. What is MTD Making Tax Digital is an initiative introduced by HMRC in an attempt to modernise our tax system in the digital age. MTD for ITSA (Income Tax & Self-Assessment) comes into effect from April 2026 (previously 2024) if your “qualifying income” […]
30
Aug
Aug
If you already have a property portfolio or are considering building one, should you do this in your name or within a company? Also, if you have a portfolio, is it worth transferring it into a company rather than holding it in your own name? In recent years landlords up and down the country have […]
28
Sep
Sep
Do you ever get the impression that to simplify processes, the government complicates it even more? One example is the “simplification” of the Capital Gains Tax (CGT) regime regarding reporting. Selling an investment property and capital gains tax should be something on your mind if you are a landlord. Whilst trying to simplify the process […]