Mixed-use properties and SDLT
For stamp duty land tax (SDLT) purposes, a property may be a residential property, a non-residential property or a mixed-use property. The classification is important
July 29, 2023
Finance & Accounting>Finance & Accounting
Tax relief for the expenses of running a property business
In common with other types of business, expenses are unavoidable when running a property business. However, subject to certain conditions, it is possible to obtain
June 29, 2022
Letting a property at less than market rent
This year has been difficult for many and landlords may not have been able to secure the full market rent for a property. Landlords may
December 6, 2020
Doing up properties – Are you trading?
There can be money to be made buying a property in a dilapidated state, renovating it, and selling it for a profit. However, when it
November 9, 2020
Can you claim business asset disposal relief on the sale of the holiday let?
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
November 5, 2020
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
July 15, 2020
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
October 8, 2019