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...
If you are currently resident in the UAE, whether temporarily or permanently, understanding what your UK tax obligations are when you purchase a UK property and receive rental income is crucial. If done correctly the tax savings that could be achieved are substantial....
If you are a landlord with less than 10 properties, which you are letting out in the UK, then this guide will give you a thorough grasp of the basics of property tax and capital gains tax in the UK. We have written the guide to give UK Landlords a straightforward...
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.
