Furnished holiday lets benefit from a number of tax advantages which are not available to landlords of residential lets. One of the main advantages is
Have you reduced your rent or let family and friends stay in one of your properties during the pandemic?
Tax implications of uncommercial lets There are various circumstances in which a landlord may let a property at rate which is below the current market
Failing to take your record keeping obligations seriously as a landlord could mean that you pay more tax than necessary, or worse that you could be on the receiving end of a penalty from HMRC.
Buying a property to let – the importance of keeping records from day one For tax purposes, good record keeping is essential. Without complete and