Landlord Insider

HMRC have the power to “enquire” into any tax return from a company, a partnership, or an individual. They do not have to give a reason for the enquiry.  

Anyone in the property business may face an Enquiry – a certain number of random Enquiries are opened every year.  

Enquiries come in different forms:  

The thought of becoming a landlord can be overwhelming for some. Bringing many considerations and even more responsibilities. That said, it’s also a very exciting prospect – a monthly passive income, a diverse investment portfolio and more financial freedom. 

This post outlines a number of additional reliefs that are available, which can help to reduce the CGT liability further in certain scenarios. Please Note: From April 2015 the rules applying when a non UK resident sells a UK residential property, and the rules for UK capital gains tax when he does so, have changed.

You can use Landlord Vision to track what is going on in your bank account, not only that, but you can make sure that you have already accounted for everything when you come to do your reports. The best way of doing this is to get the software to match your actual account balance. In this post we’re showing you how to set up your bank account in Landlord Vision. 

Firstly, let’s look at the different balances.

Tax Tips Q&A is a brand new monthly blog series. In this series, we will be sharing property questions and answers from ‘247 Property Tax Questions Answered’. In this guide Arthur Weller answers tax questions on Capital Gains Tax, Buy-to-let Tax, Inheritance Tax, Gifting Tax and so much more.

This week’s Q&A tax tips are all about gifting property.