Tag: Tax

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A guide to offsetting training expenses against rental income

Author: Mark Alexander

13th December 2010, 16 years ago | 4

Improving knowledge and skills to make more money is one of the common traits of buy to let investors who...

property118

Buy to let strategy – the 20% liquidity reserve rule of thumb

Author: Mark Alexander

3rd December 2010, 16 years ago | 8

This rule of thumb is very simple.  If you have £100,000 of buy to let mortgages you should have £20,000...

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UK’s financial report – OK, but could do better. Some good news at last for Property Developers.

Author: Mark Alexander

3rd December 2010, 16 years ago | 0

A flurry of results and reviews about borrowing, the economy and tax that show the current state of the UK’s...

Running a buy to let business as a limited company

Author: Property118.com Landlord News Team

26th November 2010, 16 years ago | 18

Buy to let landlords making big rental profits and looking to save tax often flirt with the idea of running...

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Landlords lose out by paying cash-in-the-hand

Author: Mark Alexander

26th November 2010, 16 years ago | 0

Paying tradesmen for cash in the hand jobs seems like a good idea at the time – but ends up...

Paragon plans to lend £1 billion to buy to let professionals

Author: Mark Alexander

26th November 2010, 16 years ago | 1

Buy to let specialist lender Paragon Mortgages has announced a 32% rise in profits as the firm looks to reassert...

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Stressed out taxman writes off bills for 1.9 million

Author: Mark Alexander

26th November 2010, 16 years ago | 4

The taxman has finally come a cropper in the game of brinkmanship played on claiming unpaid tax right on the...

property118

Taxman tightens up residence rules on second homes

Author: Mark Alexander

26th November 2010, 16 years ago | 0

The taxman has confirmed The Money Centre’s long-held suspicion that HMRC is chasing property investors suspected of ‘flipping’ homes following...

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Tax deadline is fast approaching for landlords

Author: Mark Alexander

24th November 2010, 16 years ago | 0

The tax countdown clock is ticking for landlords who have less than 50 working days left before the January 31,...

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HMRC gets tough over late £100 fines for late tax returns

Author: Mark Alexander

24th November 2010, 16 years ago | 0

HM Revenue & Customs (HMRC) has issued a warning to anyone who hasn’t yet sent in their self-assessment tax return...

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HMRC task force chases landlords for unpaid tax

Author: Mark Alexander

17th November 2010, 16 years ago | 0

Landlords are in the firing line of a new HM Revenue and Customs charge to collect unpaid tax. HMRC is...

What happens if you die without a will?

Author: Mark Alexander

17th November 2010, 16 years ago | 1

The world might not end if you don’t make a will, but the loved ones you leave behind may face...

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Landlords to pay more tax as HMO loophole closes.

Author: Mark Alexander

12th November 2010, 16 years ago | 0

New guidelines for shared house owners have put a stop to most claims from property investors for capital allowances that...

Children suffer most if parents have no will.

Author: Mark Alexander

12th November 2010, 16 years ago | 1

More than 30 million people in the UK do not have a will – even though nine out of 10...

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Inheritance Tax FAQ.

Author: Mark Alexander

12th November 2010, 16 years ago | 0

The 30 million people in the UK who do not have a will are letting the government grab a large...

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Taxing decisions to make when inheriting a home.

Author: Mark Alexander

12th November 2010, 16 years ago | 0

Inheriting a property means making some important decisions that have lifestyle, tax and other financial consequences.

Florida Property Market Update – part three.

Author: Mark Alexander

12th November 2010, 16 years ago | 1

By Mark Alexander. On Thursday this week I am meeting the Vice President of Lake Buena Vista Resort to learn...

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Taxman won’t take estate planning on trust. Property investors with portfolios with values exceeding the IHT single/married thresholds of £325,000 and £625,000 are expected to face higher levels of investigation from HM Revenue and Customs.

Author: Mark Alexander

3rd November 2010, 16 years ago | 0

Wealthy families with complicated inheritance tax (IHT) avoidance schemes are the likely targets of tax ‘hit squads’. Property investors with...

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Claiming property business expenses as a landlord. Here are some tips about some of the expenses that cause landlords and their accountants the most problems.

Author: Mark Alexander

1st November 2010, 16 years ago | 1

Buy to let property investors pay too much tax because they do not know how to claim property business expenses....

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Guide to keeping financial records for a property business

Author: Mark Alexander

1st November 2010, 16 years ago | 0

As the deadlines for filing rental accounts fast approach, here’s a quick guide to how the taxman expects property investors...

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Making sure a selling price adds up for capital gains. Property investors must know the break-even figure to set the asking price and to negotiate with a prospective buyer who makes an offer

Author: Mark Alexander

28th October 2010, 16 years ago | 0

House sellers need to do their sums before accepting an offer on a property investment to make sure the figures...