Cash Basis vs Accruals Basis The majority of landlords prepare accounts using the default 'cash basis' where income is recognised when received and expenses when paid (providing that the expense is incurred 'wholly and necessarily' for the business). Although this...
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We won’t sit on the fence here: in most cases, for higher-rate taxpayers, buying rental property through a limited company does make sense.
In many ways, HMRC has become much easier to deal with in recent decades. Its officials seem more willing to talk and to give advice – and often more flexible. At the same time, any landlord contacting them should be careful and methodical.
A landlord tax specialist could save you money and save you from frustration. Here’s a checklist of what you ought to expect from your accountant.
The fact is, we’re too busy to help in person right now, but we don’t like the thought of people struggling so here’s some hopefully helpful advice.
The deadline for self-assessment tax might be 31 January 2021 but that doesn’t mean you should wait until then to submit. If you’re a landlord and haven’t already completed a tax return, get it done now.
Current capital gains tax (CGT) rates are too complex and should be aligned with those for income tax, according to the Office for Tax Simplification (OTS) – what could this mean for landlords?
As both landlord tax experts and landlords ourselves, our expertise goes beyond accountancy. Here are our tips on finding a reliable letting agent for your UK rental property.
Accurate record-keeping is vital in making sure your tax return isn’t a cause of stress for you – but what information do you need to keep? And what’s the best way to look after it?
Our landlord clients often ask challenging and interesting questions. Simon Thandi, director and co-founder of UK Landlord Tax has the answers.