UK Landlord Tax blog
Property118 Tax Avoidance Scheme Subject To HMRC Stop Notice
Sadly, but nonetheless unsurprisingly, HMRC has issued a stop notice to Property 118 in connection with their use of a Capital Account Restructure. The full details can be found here. Dan Needle of Tax Policy Associates commented: If you did use Property118’s tax...
Pre-Trading Expenditure On A Buy-To-Let Explained
Discover how to claim allowable expenses incurred before your first tenant moves in. Learn about deductible costs such as mortgage interest, repairs, insurance, and more. Ensure your claims are HMRC-ready with our comprehensive guide.
What You Need To Know About The Abolition of Furnished Holiday Lettings
Chancellor Reeves to abolish furnished holiday lettings relief by April 2025. Find out more about how these changes could impact you and plan accordingly.
Family Investment Companies – What You Need To Know
With the rise in landlords buying property through limited companies, now thought to be more than 50% of all new buy-to-let purchases, the use of a Family Investment Company (FIC) structure offers landlords a robust long-term way to hold property and pass this to the...
Meet Arnie: The AI Chatbot Revolutionizing Property Tax Assistance for Landlords
Keeping up with tax obligations and financial regulations is no easy task in the fast-moving world of property management. This is why we have launched “Arnie”, an industry-leading AI chatbot to help our visitors answer their property tax questions quickly. Say Hello...
Furnished Holiday Lettings – What You Need To Know Next
The 2024 Spring Budget included the announcement that furnished holiday let (FHL) status will be abolished from April 2025. So what are the implications for FHL business owners who decide to continue their business – as well as those who want to sell up? FHL status –...
Navigating the Continued 2.25% Director’s Loan Rate into 2024/25
To the surprise of many HMRC has kept the official rate of interest (ORI) for beneficial loan arrangements like director’s loans at 2.25% for the second year running. In a recent press release, HMRC has confirmed that the official rate will not be increased for...
Personal allowances for non-residents and dual residents
If you are living abroad, or you are a foreign national, and you own property in the UK in your personal name, you are still entitled to the UK personal tax allowance depending on your nationality and your country of residence. In 2024-25 this means that the first...
What Is an Associated Company?
An associated company refers to a situation where two or more companies are connected in a way that allows one to influence or control the other. Here are the key points you need to know: Definition: Two or more companies are considered associated when the same person...
A Closer Look at the Recent Capital Gains Tax Cut
Finally, the main event. The moment we had all been waiting for. The Chancellor announced a cut to Capital Gains Tax on the sale of residential property. Property gains, the one type of gain that attracts a higher rate of tax relative to other assets, will be taxed at...
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