Tax & Accountancy

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HMRC fines late filing taxpayers £85 million

Author: Property118.com Landlord News Team

20th February 2012, 14 years ago | 0

Penalties for £100 are winging their way to 850,000 taxpayers who failed to file their tax returns on time. Most...

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Paying Your Tax on the PAYE ‘Never Never’

Author: Property118.com Landlord News Team

19th December 2011, 14 years ago | 1

Property investors who are taxed under the PAYE system can opt to have their tax coding adjusted to collect any...

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Hush-hush Chancellor Quietly Puts up CGT and IHT

Author: Property118.com Landlord News Team

6th December 2011, 14 years ago | 0

Property investors will pay more inheritance tax and capital gains tax after the government changed the basis for calculating index-linked...

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Unwrap a £150 Christmas Gift from the Tax Man

Author: Property118.com Landlord News Team

1st December 2011, 14 years ago | 10

Every landlord can unwrap a generous £150 gift to himself courtesy of the taxman. Buried in tax law is a...

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Don’t Forget Rent’s Not the Only Buy to Let Income

Author: Property118.com Landlord News Team

21st November 2011, 14 years ago | 2

Landlords might think that rent is the only income generated by their property business – but they may need to...

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Day of Reckoning for Calculating Tax and NICs

Author: Property118.com Landlord News Team

14th November 2011, 14 years ago | 3

The Government wants to make working out how much tax to pay less taxing by modernising the system, combining National...

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Landlord Tax Cheats Targeted by HMRC Task Force

Author: Property118.com Landlord News Team

9th November 2011, 14 years ago | 0

Buy to let landlords evading tax face a crack down from a new HM Revenue and Customs task force. Tax...

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HMRC Task-Force Tracks Overseas Property Tax Cheats

Author: Property118.com Landlord News Team

1st November 2011, 14 years ago | 0

A 200-strong team of investigators is targeting overseas property owners to check they are not tax cheats. HM Revenue and...

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HMRC Handles 1,000 Tax Fraud Emails Every Day

Author: Property118.com Landlord News Team

15th September 2011, 15 years ago | 0

Fraudsters are sending out thousands of bogus emails to try to trick taxpayers to give out their bank details in...

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Mortgage Lenders and HMRC Team up to Fight Fraud

Author: Property118.com Landlord News Team

30th August 2011, 15 years ago | 0

Mortgage lenders and the tax man are teaming up to beat fraudsters by checking income claims against tax returns and...

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Dealing with a tax inspector’s calls…

Author: Property118.com Landlord News Team

28th July 2011, 15 years ago | 1

Ringing HM Revenue and Customs to try to find a sensible answer to a pressing tax problem is never easy....

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What Property Investors Have to Tell the Tax Man

Author: This article was written by guest author - Steve Sims

7th July 2011, 15 years ago | 0

Many property investors fail to tell the tax man about their property businesses and face mounting fines and penalties. Property...

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One property tax for the rich…and another for the rest

Author: This article was written by guest author - Steve Sims

28th June 2011, 15 years ago | 0

Paying stamp duty and capital gains tax on a property sale is definitely a case of one law for the...

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VAT’s the problem for property developers

Author: This article was written by guest author - Steve Sims

9th May 2011, 15 years ago | 0

How to handle VAT on labour and materials for property conversions is a recurring problem for landlords and property developers....

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HMRC kicks off blitz on property tax cheats

Author: Property118.com Landlord News Team

27th April 2011, 15 years ago | 0

HM Revenue and Customs has launched the first in a rolling campaign of cut-price amnesties aimed at encouraging people in...

Tax relief on mortgage interest for buy to let property investments

Author: This article was written by guest author - Steve Sims

21st April 2011, 15 years ago | 4

Claiming interest on loans and finance as a business expense is one of the regular top questions from property investors....

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Shock tax checks surprise property businesses

Author: This article was written by guest author - Steve Sims

14th April 2011, 15 years ago | 0

Guest Blog provided by Steve Sims, author of ‘Understanding And Paying Less Property Tax For Dummies’. Steve and his wife...

The tax allowance that 96% of businesses don’t claim

Author: Property118.com Landlord News Team

5th April 2011, 15 years ago | 0

If you’ve invested into a business or commercial building (no time limit) then you could be due a SUBSTANTIAL tax...