Tag: Tax

Scottish property tax hits record high per sale in August

Author: Property118.com Landlord News Team

29th September 2023, 3 years ago | 0

Scotland’s property tax revenues reached a new record high per transaction in August 2023, according to an analysis by a...

Is the landlord exodus as bad as everyone thinks?

Author: Property118.com Landlord News Team

25th September 2023, 3 years ago | 11

We all hear about the landlord exodus but just how bad is it? New figures from the Office for National...

Call for government action as landlords choose to sell up

Author: Property118.com Landlord News Team

21st September 2023, 3 years ago | 2

The UK’s rental market is facing a crisis as many landlords are choosing to sell their properties due to new...

Landlords need to be incentivised and not driven from the PRS – Propertymark

Author: Property118.com Landlord News Team

5th September 2023, 3 years ago | 0

The government needs to focus on its tax policies so that landlords in the private rented sector (PRS) are incentivised...

Poole and Bournemouth landlords need to attend this free event!

Author: Property118.com Landlord News Team

10th August 2023, 3 years ago | 0

With high-interest rates, huge uncertainty & opportunity in the market, there has never been a better time to consider the...

Why so many landlords have waited until now to incorporate their property rental businesses

Author: Mark Alexander

7th July 2023, 3 years ago | 10

These are the top six reasons why so many landlords have waited until now to form a Limited Company and...

How We Escaped The Landlord Tax Trap

Author: Readers Question

7th July 2023, 3 years ago | 16

On paper my spouse and I were worth £3,000,000 but the reality was that we had no savings, no money...

HMRC will get a tax ‘gold mine’ with the new landlord database

Author: Property118.com Landlord News Team

23rd May 2023, 3 years ago | 24

The Renters’ Reform Bill has unveiled a new database that could turn into a tax ‘gold mine’ for HMRC to...

Hybrid LLP Action Group Motives

Author: Mark Alexander

19th May 2023, 3 years ago | 0

Mark Smith, Head of Chambers at Cotswold Barristers said … “This (the Hybrid LLP Action Group) is not a knee-jerk...

How HMRC Might Target Hybrid LLP Compliance Checks

Author: Mark Alexander

16th May 2023, 3 years ago | 0

The likeliness of HMRC opening “Compliance Checks” into the accounting of Hybrid LLP’s operated by property rental business owners is...

Hybrid LLP structures GAME OVER!

Author: Mark Alexander

15th May 2023, 3 years ago | 12

It’s game over for most Hybrid LLP tax structures. A “Hybrid” / Mixed LLP is a Limited Liability Partnership where...

How Property118 Are Helping A Landlord To Resolve A Serious Hybrid LLP Tax Planning Blunder

Author: Mark Alexander

14th May 2023, 3 years ago | 22

Stay tuned for the big reveal – the name of the accountant responsible for this catastrophic situation will be unveiled...

Seeking some initial advice

Author: Readers Question

11th May 2023, 3 years ago | 11

Dear Property118 I am looking for some initial advice as I want to help my mother with her property held...

Landlords must ACT NOW to reduce tax payable on account this JULY

Author: Mark Alexander

5th May 2023, 3 years ago | 0

Payments on account are advance payments towards your tax bill for the following year based on the tax you owed...

RIP Scotland’s PRS?

Author: Readers Question

21st April 2023, 3 years ago | 9

Hello, As you will all know, being conscientious landlords, there is currently an evictions and rent freeze in Scotland since...

Hike in rented housing tax ‘costs Treasury £1.5bn’

Author: Property118.com Landlord News Team

23rd March 2023, 3 years ago | 1

An independent analysis shows that tax changes in the private rented sector (PRS) have contributed to the loss of £1.5...

Freeholder, Leaseholder – can you be both?

Author: Readers Question

23rd March 2023, 3 years ago | 14

Hello, After setting up a property development company, my first project was a large extended terraced house. The property was...

BUDGET DAY: What the PRS wants the Chancellor to do

Author: Property118.com Landlord News Team

14th March 2023, 3 years ago | 11

Landlords and property investors will be watching Chancellor Jeremy Hunt to see what is in store for the private rented...

Landlords are selling up because of ridiculous tax policies that are bleeding us dry!

Author: Readers Question

24th February 2023, 4 years ago | 15

Hello, How long does the government think this situation is sustainable for? Squeezing landlords dry with increased taxes and high...

Scotland’s property boom fuels a big hike in the tax take

Author: Property118.com Landlord News Team

3rd February 2023, 4 years ago | 1

Property taxes in Scotland have increased by nearly a quarter of a billion pounds in the last year, compared to...

Petition against S24 – What are NRLA doing?

Author: Readers Question

24th January 2023, 4 years ago | 6

Hello, The petition against S24 is gaining momentum and needs more fuel to engage everyone to sign up. Please contact...