Generally, tax relief is available, but the rules are different if you’re a small business using the cash basis…

Tax relief on business-related loans Subject to certain conditions and restrictions, tax relief will generally be available for interest paid on loans to, or overdrafts of, a business in the…

Continue Reading Generally, tax relief is available, but the rules are different if you’re a small business using the cash basis…

Do you spend more than 6 months of the year outside the UK? Make sure you’re compliant

Non-residents landlord scheme A non-resident landlord is a landlord who lets out property in the UK but spends more than six months in the tax year outside the UK. A…

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A quick guide to what should be included when calculating the profit or loss for a property rental business.

Property income receipts – what should be included? When calculating the profit or loss for a property rental business, it is important that nothing is overlooked. The receipts which need…

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If you use the property rental toolkit, do you think it’s useful?

Using the property rental toolkit to avoid common errors in returns HMRC’s property rental toolkit highlights errors commonly found in tax returns in relation to property income. The toolkit can…

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Interest relief for renovation or development costs

Often, when a property is purchased there is work to be done before it can be let out or sold. Where this work is financed by a mortgage or other…

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