Your work is about to take you away from home for a long stretch. You’re thinking of taking in a lodger who can keep your place secure and, as a bonus, will pay you some rent. As you’re not living at
home can you claim rent-a-room relief?
Published 15.02.2018
You let out a property for several years, but as it was loss making you didn’t declare it to HMRC. It’s now started turning a profit but you’ve been advised that because you didn’t declare the losses
it’s too late to use them. Is this correct?
Published 05.02.2019
For 2017/18 and later years most private landlords will be expected to work out their profits using cash-basis accounting. This can make preparing your tax returns simpler, but it does have
drawbacks. What’s the full story?
Published 09.06.2017
You own a property abroad which you let out. The foreign tax authorities charge you various taxes because you’re a landlord. How much of what you pay can be deducted from your UK tax bill?
Published 26.11.2018
To release capital tied up in a let property you have remortgaged it. In the past HMRC accepted that the interest paid on this type of loan was tax deductible, but it seems to be changing its view.
What’s the full story?
Published 10.11.2017
If a tenant is struggling to pay you rent, rather than see them go bust and lose the income altogether, granting a rent-free period could benefit you both. How would this affect your tax position?
Published 07.01.2021
The law relating to Class 2 National Insurance contributions changed in April 2015. What does this mean for landlords and what options are available if you receive a demand?
Published 09.07.2015
For some time now HMRC has been sending questionnaires to people who own and rent out properties to establish whether or not they should pay NI on their income. What should your response be if you
receive one of these?
Published 14.10.2014
Income from letting one or more rooms in your home can be tax free where rent-a-room relief applies. However, if you also provide services to your guests the income might count as a trade. Does
rent-a-room relief still apply?
Published 31.08.2017
In October 2016 a judge blocked the “Axe the tenant tax” challenge to the government’s decision to cut tax relief on buy-to-let loans. What’s the full story?
Published 25.10.2016