Katy Ann

Registered with Property118.com
Sunday 8th November 2020


Latest Comments

Total Number of Property118 Comments: 12

Katy Ann

12:36 PM, 25th October 2021, About 23 hours ago

Eco Clampdown on landlords and fines of up to £5,000

Reply to the comment left by Tim Rogers at 25/10/2021 - 12:10
Tim, that was my understanding too, but I’m also not sure if the consultation proposals have yet made it into law. I’ve also got an 1890s terrace, which will be difficult to get up to EPC Band C without very substantial cost. I thought the proposals included an exemption if the property structure meant upgrading would be unfeasible, but don’t know if/how that might apply in practice. Anyone else know?... Read More

Katy Ann

14:04 PM, 20th October 2021, About 6 days ago

Overseas Lettings - Tax Implications Following Brexit?

Do also bear in mind that you can claim credit for at least some of the Spanish tax against your UK tax. Worth engaging a UK accountant to help with that.... Read More

Katy Ann

20:54 PM, 1st July 2021, About 4 months ago

A Quiz For Property Traders

Reply to the comment left by Mark Alexander at 01/07/2021 - 20:33
Sorry I couldn’t be bothered doing the actual sums!... Read More

Katy Ann

19:19 PM, 1st July 2021, About 4 months ago

A Quiz For Property Traders

If he’s carrying this on as a trading activity rather than as an investment activity (ie subject to income tax on the profits rather than capital gains tax on investment gains) he'll also be liable for class 2 and 4 national insurance.... Read More

Katy Ann

12:52 PM, 2nd June 2021, About 5 months ago

Accidental landlord - Can I do the annual accounting myself?

Definitely keep the business activity and the rental activity separate in your declarations to HMRC. That’s because that’s what the legislation requires you to do, rather than because of how the tax return is set out. Specifically, if you make any losses on one activity you can’t deduct those losses from profits on the other. Personally I’d recommend you do use an accountant if you’re not familiar with tax law (which you don’t seem to be). The additional fairly modest cost should be worth it in terms of peace of mind.... Read More