UK Landlord Tax blog
Tax benefits of electric cars for landlords
Simon Thandi looks at the impact of the recent tax changes when property businesses acquire electric vehicles. In particular the impact for property investors that hold their rental properties in a buy to let limited company. Many businesses all over the UK are now...
Reporting income from property for 2020/21
The deadline for filing the 2020/21 self-assessment tax return online is 31 January 2022. If you received income from property, you may need to tell HMRC about it on your return. There are designated property income pages for providing details of your property income....
Why you should use a property tax accountant
Why use a specialist property tax accountant? It’s a question we get asked regularly and one you may have thought about. The short answer is if you speak to the right property tax specialist you should pay the lowest amount of income tax, Inheritance tax, capital...
Capital Gains Tax Reporting Extended to 60 Days
Capital Gains Tax Reporting deadline increases to 60 days The Autumn Budget 2021 includes an announcement that the Capital Gains Tax Reporting deadline is to be extended to 60 days from the previous deadline of 30 days. For disposals of UK residential property...
Capital Gains Tax and Rent a Room
What is the position on Capital Gains Tax and Rent a Room? Capital Gain Taxs and Rent A Room relief offer a unique tax saving opportunity. Rent-a-room relief aims to encourage those with spare rooms in their homes to let them out to increase the supply of furnished...
Residence nil rate band frozen
With the residence nil rate band being frozen until 2026, if you have a high-value estate in the family it might be worth planning ahead to make sure you reduce the inheritance tax bill. Our latest blog explains more. The residence nil rate band (RNRB) is an...
Business Asset Rollover Relief and Air BnB
Air BnB Furnished holiday lettings have a number of tax advantages compared to standard residential lets. One of the key ones is the availability of business asset rollover relief. This enables furnished holiday let owners to sell one property and invest in another...
SDLT and shared ownership
Shared ownership can enable an individual to own a stake in a property where they would not otherwise be able to get on the housing ladder. As with other property purchases, stamp duty land tax (SDLT) is payable where you buy a property through shared ownership in...
Family Investment Company, Inheritance tax and freezing value
Family Investment Company (FIC) Reducing inheritance tax on residential property is a major concern for landlords. By using a family investment company structure you may be able to mitigate the IHT liability attaching to your shares. At the same time, you may also be...
Using spouses losses to reduce Capital Gains Tax
Spouses and civil partners benefit from special rules which could allow them to reduce capital gains tax. These allow spouses to transfer assets between themselves at a value that gives rise to neither a gain nor a loss. The transferee spouse/civil partner effectively...
Got a question for our landlord tax experts?
If there’s a property tax issue that has you puzzled or worried, get in touch. Everyone on our team loves to talk, especially when it helps people like you find peace of mind.