As the stamp duty holiday is slowly being phased out, we thought it would be a good time to recap on some common stamp duty questions. These questions have been asked by the public and feature real-life scenarios where stamp duty might apply.
As the stamp duty holiday is slowly being phased out, we thought it would be a good time to recap on some common stamp duty questions. These questions have been asked by the public and feature real-life scenarios where stamp duty might apply.
This month’s tip is all about the security of your account, which is a priority here at Landlord Vision. We launched multi-factor authentication to keep your account more secure, so we know it’s always you logging into your account.
Entrepreneurs’ Relief (ER) was introduced for gains made after 5 April 2008, and replaced the old “Taper Relief” as applied to qualifying business assets. The 2020 Budget contained provisions for it to be renamed as “Business Asset Disposal Relief” (“BADR”). The new BADR is essentially the old ER but with a reduced lifetime allowance.
Visit any landlord focussed blog and you will find the obligatory “x tips for new landlords” post. The posts usually contain good but generic tips for getting started with property. What you won’t often find is the post that needs to come after that, the one about growing or scaling your property business – how to level […]
Times of economic uncertainty are often felt across every inch of society in some way, shape or form. The global pandemic has been no exception, and as the first national lockdown temporarily halted the property industry, a lot of landlords were left concerned about their Buy-to-Let property.
There are a number of tax reliefs available when renovating properties. In this post we’re going to look at some of the more common reliefs as laid out in the popular Property Tax Portal guide – How to Reduce Landlord Taxes.
This month in Tax Tips Q&A, we answer questions about offsetting expenses against rental income profit and what to do when that income equals a loss. We also have a question about tax on rental income.
Landlord Vision allows you to give your tenants access to their own area where they can view their data, download their documents and even contact you. This section of the software is called the Tenant Module and is so easy to set up. Firstly though, we’ll go over what the Tenant Module actually does.
This section has been written by Amer Siddiq, founder of Property Tax Portal. Finding an Accountant There is a saying, “a good accountant pays for him/herself”. Never a truer word has been spoken. In this chapter we will become familiar with and understand how to acquire the services of an excellent accountant.
Repairing the fixed assets of a business will generally be a tax-allowable business expense, but improving an asset will not. Repairs are revenue expenses, and allowable against income, but improvements are capital expenditure, and not allowable against income (although they may be deducted from the capital gain on disposal for CGT purposes).
Airbnb is a disrupter in the true sense of the word. It took an established industry and turned it on its head. While some traditional B&Bs and landlords decry it as a negative influence, others have grabbed this opportunity and ran with it.
Inheritance tax is becoming more and more of a ‘tax bombshell.’ This is purely because property prices have increased so much over the past few years. If you do not plan for IHT now, then you could be passing on a huge tax liability as well as unwanted stress to your loved ones!
Tax Tips Q&A is back for its second month. This month’s tips are all about property repairs. These handy property questions and answers have been shared with us from Arthur Weller’s ‘247 Property Tax Questions Answered’. In this guide he answers tax questions on Capital Gains Tax, Buy-to-let Tax, Inheritance Tax, Gifting Tax and so much […]
You might sometimes use your business accounts for personal expenses or withdrawals, in which case you won’t want these payments to be included when putting together your property accounts. With this in mind, we’ve added a new feature to make bank reconciliation even easier.