Tax and Accountancy
Can UK Landlords survive the ongoing tax raid?
UK landlords have been at the receiving end of tax increases since 2021, when full mortgage interest relief was scrapped. This essentially...
Furnished Holiday Let changes for those on the Flat Rate Vat Scheme
The Flat Rate VAT Scheme (FRS) is a simplified option for paying VAT for businesses with lower turnover.
At an annual turnover of £90k...
How Good Is Your Accountant? Essential Questions for Landlords
I highly recommend that all landlords ask their accountant one very simple question. The answer will reveal whether your accountant...
The 54.4% property wealth tax no one talks about?
Amongst all the speculation in the media about expected rises in Capital Gains Tax (CGT) and Inheritance Tax (IHT), I’ve been...
CGT Question – Can I claim capital costs without receipts?
I am selling a buy to let property that I did a £100,000 extension on 15 years ago.
Can I claim this as a capital cost on my CGT return...
Making Tax Digital – Maximum efficiency option?
As landlords, we are forever accommodating new changes, a major procedural one will be the switch to (Make Tax Digital) MTD –...
DOUBLE WHAMMY FOR LANDLORDS Interest Rate Rises AND Section 24
Until the recent interest rate rises started to bite into cashflow, many larger portfolio landlords had taken the decision to pay the...
Poole and Bournemouth landlords need to attend this free event!
With high-interest rates, huge uncertainty & opportunity in the market, there has never been a better time to consider the structure...
Can Property Investment Companies Claim The 19% Corporation Tax Small Profits Threshold?
In our view, the answer is YES, property investment companies can claim the 19% Corporation Tax ‘Small Profits Threshold’.
Preparing myself for Making Tax Digital?
Hello everyone, We’ve been advised that from April 2024 we will be required to make quarterly returns and an End of Period Statement...
Is the Tax Man taking a huge bite out of your rental income?
Are you one of those people who is now wishing that you had sought professional tax advice from us several years ago?
Maybe you’ve...
Introducing Property118 TV
Property118 TV has launched on YouTube.
An 8 minute introductory video explains what the Property118 TV channel is all about and how...
Should we consider a Capital Account Restructure?
Dear Property118.
When my husband and I first started investing into rental property in the mid 1990’s we invested £250,000...