Many non-residents are unaware of the possible Non-Resident Capital Gains Tax exposure on UK property sales or the need for returns and early payment. From 6 April 2015, non-UK residents became subject to capital gains tax (CGT) on disposals of residential property...
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...
New changes for the Non Resident UK company tax return Non resident UK company tax return filing is changing. A Non resident UK company that owns UK rental property is now well into the filing of its accounts under the corporation tax system. Previously, a non...
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 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.
At this time of year, expat landlords often think about coming back to the UK to see family, check out the Christmas lights and deal with any issues around their rental property. What are the tax and legal implications?
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.