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
A landlord will normally take a deposit from a tenant when letting a property to cover the cost of any damage caused to the property
Most people do not expect to pay capital gains tax when they sell their only or main home, particularly if the property has been their
During the Covid-19 pandemic, landlords may have periods when their properties have been empty. Landlords letting furnished holiday lettings were particularly badly affected due the
Joint tenants v tenants in common – Which you choose will depend on whether you’d like flexibility in allocating property income, and how you want your property to be passed on.
Joint tenants v tenants in common – Does it matter? There are two different ways of owning property jointly – as joint tenants or as
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