It is theorised that the property market follows a predictable cycle of behaviour over time – termed the property cycle. Historical studies suggest that global and regional property markets conform to a pattern of differing stages. These stages consist of ‘the Boom’, ‘the Slump’ and ‘the Recovery’. It is believed that the property market moves through each stage consecutively in a consistent and predictable pattern. 

The UK’s tax system is currently based on “Self-Assessment”.

People who have untaxed income (such as rents from property or income from self-employment), or who have high incomes generally, are sent an annual Self-Assessment Return for each tax year, shortly after the end of that year on 5 April. 

It’s a bit of a coincidence that Stress Awareness month coincides with the end of the tax year, or is it? The 5^th of April marks the last day of the tax year and landlords everywhere will be breathing a sigh of relief that they can put it behind them and start fresh.  

The end of the tax year can be a bit of a stressful time, especially if you’re new to the property industry. And once you’ve got through your first, each new tax year seems to come around faster than the one before.  

That’s why we decided to create Finance Fortnight. The idea was to equip you with some handy materials that would help to get your new tax year off to a great start. So, just in case you’ve missed anything, we’ve put together all the content from Finance Fortnight in this post, because it’s always a good time to get ahead of your finances.  

This is a special type of furnished letting, and it enjoys a number of tax advantages over the ordinary letting of furnished or unfurnished residential accommodation. We will look in detail at the advantages and the rules, but in summary, the advantages are: