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.

In this post, we will look at when it is beneficial to use a company to grow a property portfolio. 

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 […]

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 […]

Anyone wishing to run a business in the UK has a wide choice of ways to organise it. Each possible structure has its own advantages and disadvantages. This post gives an overview of the three basic types of business structure that are commonly used.

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 5th 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.  

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: