Making use of the property allowance
It is possible to enjoy tax-free income from property, even if you have already used up your personal allowance. This is because the property allowance
It is possible to enjoy tax-free income from property, even if you have already used up your personal allowance. This is because the property allowance
If you receive rental income from properties that you let out, you will need to tell HMRC about it on the property pages of your
A property rental business will have a start date and an end date, and it is important to know what those dates are. When setting
Property that is jointly-owned may be let out. As people are taxed individually, the income must be allocated in order to work out the tax
Potential benefits of putting a property into joint names prior to sale Where a property qualifies in full for private residence relief, it is perhaps
Dual purpose expenditure – can landlords claim a deduction? Landlords are able to claim tax relief for expenses that are incurred wholly and exclusively for
The self-assessment deadline is looming. Self-assessment tax returns for the year to 5 April 2019 must be filed online by 31 January 2020 if a
Joint tenants v tenants in common – Does it matter? There are two different ways of owning property jointly – as joint tenants or as
Property income receipts – what should be included? When calculating the profit or loss for a property rental business, it is important that nothing is
At first sight, the calculation of a capital gain or loss on the disposal of an asset is relatively straightforward – simply the difference between
There are a number of scenarios in which a couple may decide to put a property which was previously in sole name into joint names.
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