In part 2 of tax tips for trading in property, we will be covering why you might run your property through a limited company, property accounts and records, and the Construction Industry Scheme otherwise known as the CIS.
In part 2 of tax tips for trading in property, we will be covering why you might run your property through a limited company, property accounts and records, and the Construction Industry Scheme otherwise known as the CIS.
So, we’ve looked at what you should do before finding a tenant to live in your rental property. In this post we’re going delving into a checklist of things you need to do in between finding a tenant and accepting them.
The whole purpose of tax planning is to save you tax and to put more profits in your pocket. That is why people are always looking at ways of beating the taxman, because they benefit from tax planning.
Unincorporated landlords have been hit hard by a number of tax changes in recent years, including the gradual restriction in tax relief for mortgage and finance costs, such that relief is now only available as a tax reduction given at the basic rate. As this restriction does not apply to companies, a natural question is […]
2021 has been an unpredictable and volatile year for many British industries. Yet the housing market has boomed throughout the chaos caused by the ongoing Covid-19 pandemic. Housing prices have skyrocketed to a record high of £262,956 as of August. As a result, what property investors are looking for in their properties of choice has […]
This month’s tax Q&A answers more tax questions. These questions will focus on how to handle different types of losses incurred by property investment.
This month we are going to focus on some tips and tricks for setting up your mortgages. This is not a guide for setting them up, but some handy tips to make a note of when you are doing them.
“Tax planning” means arranging your business affairs so that you pay the minimum amount of tax that the law requires. It does not mean trying to conceal things from the Taxman, and it does not mean indulging in highly complex (and expensive!) artificial “tax avoidance” schemes.
There is a lot for landlords to remember when taking on a new tenant and starting a tenancy. If you don’t hold to your legal obligations when starting a tenancy, you can be fined, prosecuted and prevented from serving your tenant a Section 21 Notice at the end of a tenancy. This 4 part blog series will break […]
If you buy a property with the intention of selling it on at a profit in the short term, then even if you receive some rental income from it while you own it, you are trading and your profit from selling the property will be charged to Income Tax – and to National Insurance Contributions […]
Here at Landlord Vision we pride ourselves on building software that landlords want to use by constantly seeking feedback and acting on it. Our latest innovation that we’re about to launch is no different! In this behind the scenes post, we’re going to tell you what our new refer a friend programme is, how you […]
There are so many niche strategies open to you when it comes to property investing, here we’ll cover some of the more popular niches. This list isn’t exhaustive as there are probably as many different types of property strategy as there are property! But here we’ll look at some of the more common and relevant […]
If you decide to let a room in your main residence, you can receive a rental income of up to £7,500 and have no tax liability.1
We’re back to answer more tax questions and help you figure out what tax reliefs you can take advantage of. This week we’ll be answering questions on property renovations, more specifically what tax reliefs are available when selling a property that has had renovation work.