Capital allowances are mind-numbingly complicated and even confuse some accountants, but making the effort to unravel obscure tax points can save some property investors paying thousands of pounds in unnecessary tax.
This tax reducer is especially important to anyone with:
The most popular articles in Landlord News are undoubtedly those that relate to tax and accountancy advice.
Steve Sims, author of the best selling book ‘Understanding and Paying Less Property Tax for Dummies’, runs our specialist tax and accountancy service.
Steve also writes for tax and business magazines and web sites and was recently invited to talk about changes in furnished holiday let tax rules on BBC Radio 4’s You and Yours program. Continue reading 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
Tax code bungles and other IT disasters at HM Revenue and Customs have led to thousands of workers redeployed for working on ‘higher priority cases’.
HMRC has already announced that filing forms authorising advisers to speak to tax inspectors as client agents are backed up until at least October 31, which is also the last submission date for paper self-assessment returns. Continue reading Why landlords need to act on self-assessment now.
Second home and holiday let owners are set to lose lucrative tax breaks worth thousands of pounds in a proposed change in the law to bring the UK in to line with European rules.
The tax landscape for furnished holiday let owners has suffered from uncertainty from the government for some time. Continue reading New rules threaten holiday home tax perks