Landlord Tips Category

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.

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.  

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: 

No one likes property taxes but there are legitimate ways to reduce taxes and sometimes even avoid them altogether. At Landlord Vision we build property tax into everything we do because the software has to be able to help landlords manage their finances and fill in their tax returns. But we’re also experts as well… 

Deposits From Tenants  

It is common practice for a landlord to take a deposit from a tenant when letting a property to cover the cost of any damage caused to the property by the tenant. A deposit of this nature may be referred to as a security deposit, a damage deposit or a rental deposit. The landlord may also ask for a holding deposit in return for taking the property off the market while the necessary paperwork is undertaken.