The Ultimate Resource for the UK's Private Rented Sector

Tax & Accountancy

Tax Levy on Landlords

New landlord tax rules for new debt only

23/07/2015

Those of us who are lobbying for an amendment to the budget need to have a very clear message. I propose that message is “new tax rules for new debt only” Let us be absolutely clear; Government and the Bank of England have recognised a need to reduce growth in the buy-to-let market. It is… Read more

Young couple arguing in their living room

How the budget will affect private landlords – EXAMPLE

20/07/2015

Dave & Margaret are married and together run a sizeable buy-to-let property business. Properties have been acquired over a period on nearly three decades and have always been purchased in their own names as opposed to a company based on advice from their accountants. 2016/17 Tax year 2020/21 Tax year Rental income £600,000 £600,000 Expenses £200,000 £200,000 Mortgage… Read more

Does buying BTL through a limited company make more sense for me

Does buying BTL through a limited company make more sense for me?

31/01/2015

For my main job (nothing to do with property) I work through my own limited company, taking around £8k in wages per year and £30k in dividends. This is just enough to keep me out of the higher tax bracket. Over a few years this has left me with enough money sitting in my company’s… Read more

Calculation

Stamp Duty Calculator

05/12/2014

  Available as a FREE plugin for WordPress Users Around 25% of websites and blogs now run on WordPress which allows users to share functionality such as our Stamp Duty Calculator. If your blog or website runs on WordPress you can have exactly the same calculator on your website as the one above by downloading… Read more

Tax Implications and Penalties

Tax Implications and Penalties

12/06/2014

What view would HMRC take if a landlord overestimated his property rental return by say, £6,000 due to error/illness/stress?  Can the landlord request mitigation (illness) against his mistake? Thanks AA Properties (Wales)

Reducing CGT by getting married

Reducing CGT by getting married

11/04/2014

Hi there, I have a B2L property that I bought 9 years ago for £250k and I’ve rented it out from day one. I have never lived there so I cant claim PPR or lettings relief.  I’ve now got a buyer for the property at £325k so even after I deduct £10k buying and selling… Read more

Sharing The Wealth - Minimising CGT and IHT

Sharing The Wealth – Minimising CGT and IHT

24/02/2014

I am exploring ways to share the wealth and minimise CGT and IHT I hold a profitable portfolio of some 18 investment properties…  More than half were purchased in 1997. Most have appreciated in capital value.  The rental stream gives a net profit in excess of £75,000 pa About two years ago I purchased a… Read more

Avoid CGT by adding spouse to deeds

Avoid CGT by adding spouse to deeds?

05/02/2014

My wife and I jointly own several BTL properties, but one is owned solely in her name in order to maximise tax relief by using her basic rate unearned income tax allowance. We are proposing to sell one of our properties and my question is regarding changing ownership of the property which is in her… Read more

Claiming VAT back and saving CGT on Conversion

Claiming VAT back and saving CGT on Conversion

09/01/2014

I am in a predicament and my accountant is confusing me even more. My husband and I have jointly owned a commercial property over 10 years of which ground floor has been let to retail business. The whole of the building is Vatable and we charge vat on the rent to the retail tenant. The… Read more

Landlords Tax Returns - 10 Common Mistakes

Landlords Tax Returns – 10 Common Mistakes

19/12/2013

In this article I am going to share the common mistakes that landlords make when completing their tax returns. In no particular order and certainly not a definitive list:-  1) Treating the entire mortgage payment as an expense. You should only claim mortgage interest as an expense. If you have a repayment mortgage this is… Read more

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