With so many portfolio landlords getting caught my the s24 interest restriction it was no wonder that incorporating the portfolio was the solution. The problem was that whilst most portfolio landlords could satisy the "business" case and claim relief for CGT under...
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...
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...
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...
The government has delayed the start of Making Tax Digital (MTD) to 6 April 2024. In a written statement to the House of Commons on 23 September 2021, it was announced that MTD for income tax self-assessment (MTD ITSA) would be postponed yet again to April 2024. New...
All business must start at some point, and a furnished holiday lettings (FHLs) business is no exception. Unlike other rental properties, furnished holiday lettings enjoy special tax rules. As a result, they are able to benefit from capital gains tax reliefs for...
New Changes for Non Resident Limited Companies Non-resident limited companies that own UK rental property are now well into the first year of filing their accounts under the corporation tax system. Previously, foreign limited companies would file an SA700 under the...
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.
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 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.