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:
Most landlords look at reducing council tax and business rates while letting property is unoccupied but don’t realise they may have voided their buildings insurance if they make a claim while the property is empty.
Thousands of homes stand empty at any one time – the latest figures for England show 650,000 homes were vacant throughout 2009. Continue reading Why landlords property insurance might not pay out during void periods or when a property is undergoing refurbishment