Tax & Accountancy

property118

Claiming property business expenses as a landlord. Here are some tips about some of the expenses that cause landlords and their accountants the most problems.

Author: Mark Alexander

1st November 2010, 15 years ago | 1

Buy to let property investors pay too much tax because they do not know how to claim property business expenses....

property118

Guide to keeping financial records for a property business

Author: Mark Alexander

1st November 2010, 15 years ago | 0

As the deadlines for filing rental accounts fast approach, here’s a quick guide to how the taxman expects property investors...

property118

Making sure a selling price adds up for capital gains. Property investors must know the break-even figure to set the asking price and to negotiate with a prospective buyer who makes an offer

Author: Mark Alexander

28th October 2010, 15 years ago | 0

House sellers need to do their sums before accepting an offer on a property investment to make sure the figures...

property118

Property investors must act to avoid 40% tax bill

Author: Mark Alexander

28th October 2010, 15 years ago | 0

The best laid Tory plans to boost inheritance tax (IHT) thresholds to £1 million after the election were shelved as...

property118

Nine excuses why property investors don’t make tax returns

Author: Mark Alexander

28th October 2010, 15 years ago | 0

Many property owners are confused over whether they should declare the money they earn from letting. Here’s a list of...

property118

UK income tax hike was world’s highest for 2010

Author: Mark Alexander

28th October 2010, 15 years ago | 0

British taxpayers are vying with those in Sweden, Denmark, and the Netherlands to pay the highest rates of tax in...

property118

What’s more important, cashflow or liquidity? Mark Alexander reports

Author: Mark Alexander

27th October 2010, 15 years ago | 0

Cashflow is simply defined as regular income. Positive cashflow is when income exceeds expenditure and you make a profit. So...

property118

Capital Allowances FAQ for property investors. Our tax partner Steve Sims has produced this superb guide

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

27th October 2010, 15 years ago | 0

Capital allowances are mind-numbingly complicated and even confuse some accountants, but making the effort to unravel obscure tax points can...

property118

Scandal of thousands of £100 tax penalties paid in error. One in five taxpayers pay £100 or more for filing late tax returns when they don’t owe the taxman a penny in fines

Author: Property118.com Landlord News Team

27th October 2010, 15 years ago | 0

The self-assessment clock is ticking now – 2 million taxpayers have to the end of October to file a paper...

property118

Do you have Capital Gains Tax to pay on your property? It’s no good sitting tight and hoping the tax man won’t find out about any property capital gains because you could face a fine if you don’t let your tax office know by October 5

Author: Mark Alexander

27th October 2010, 15 years ago | 0

Capital Gains Tax (CGT) is not an opt-in process – if you have made a gain and do not already...

property118

Planning to pay less tax doesn’t make you a tax cheat. This article explains the difference between tax evasion and tax avoidance. Case law is quoted

Author: Mark Alexander

27th October 2010, 15 years ago | 0

The government is diverting £900 million over the next three years to beef up HM Revenue and Customs in a...

property118

Spotlight on our Tax and Accountancy partners. Landlord News articles about Tax and accountancy are the best read. In this issue we provide more information on the levels of assistance our partners can provide

Author: Mark Alexander

27th October 2010, 15 years ago | 2

The most popular articles in Landlord News are undoubtedly those that relate to tax and accountancy advice. Steve Sims, author...

property118

Property investors owe £200 million in uncollected tax. Property investors who have failed to declare their tax account for £200 million of the missing £42 billion HM Revenue and Customs failed to collect last year because of evasion, and mistakes

Author: Property118.com Landlord News Team

27th October 2010, 15 years ago | 0

The latest figures for uncollected tax reveal property investors owe £142million from undisclosed letting income and £55million evaded in undeclared...

Is your property portfolio ownership structure optimised to enable you to pay the minimum amount of CGT, income tax and IHT?

Author: Mark Alexander

27th October 2010, 15 years ago | 14

In this article I look at the differences between owning property as joint tenants, tenants in common or as individuals....

property118

Why landlords need to act on self-assessment now.

Author: Mark Alexander

27th October 2010, 15 years ago | 0

Tax code bungles and other IT disasters at HM Revenue and Customs have led to thousands of workers redeployed for...

property118

Property investors pile up millions in wasted tax payments. Property investors are big contributors to the huge £552 million mountain of wasted cash that is piling up because of poor capital gains tax planning

Author: Property118.com Landlord News Team

27th October 2010, 15 years ago | 0

The latest capital gains tax (CGT) increase announced by the Chancellor George Osborne in June has added a massive £36...

property118

Landlords could be lining the Tax Mans coffers if they live through the next property cycle. Born free taxed to death? This needn’t be the case for readers of Landlord News

Author: Property118.com Landlord News Team

27th October 2010, 15 years ago | 2

The UK’s average property value is currently £167,953, according to the Halifax’s latest survey. It is probably fair to say...

property118

Property investors and the HMRC PAYE tax code bungle

Author: Property118.com Landlord News Team

27th October 2010, 15 years ago | 0

Millions of landlords and property investors are tied up in the HM Revenue and Customs PAYE code bungle and may...