Indicator - FL Memo
Telephone: (01233) 653500. Fax: (01233) 647100 customer.services@indicator-flm.co.uk - www.indicator-flm.co.uk
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ VAT GB 726 598 394. Registered in England. Company Registration No. 3599719
[telephone_number] => (01233) 653500
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[city_county] => Kent TN23 1DQ
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[website1] => www.indicator-flm.co.uk
[loyalty_agent] => Gemma Rump
[loyalty_phone] => (01233) 438022
[city] => Ashford
[webshop] => http://www.indicator-flm.co.uk
[loyalty_time] => <strong>Contact online support for any issues relating to the use of this online solution</strong>, for example logging in, using the search facility, understanding how the resources differ, how to save content, etc. <br />
If you have a <strong>technical question</strong> about <strong>content</strong>, please contact our <strong>dedicated Helpline</strong>.<br />
Mariam, your online support, can be <strong>contacted during normal business hours</strong>:
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[street_number] => 39-41
[street_name] => Bank Street
[loyalty_mail_from] => Gemma Rump - Online support
[company_name] => Indicator - FL Memo Ltd
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Search - Tips & Advice Business Database
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?
As a landlord you can prepare your tax accounts either on a cash basis or using the normal accounting rules (the accruals basis). If you change methods you must make transitional adjustments. What’s
involved?
Phasing in of the restriction for tax relief on finance costs began in 2017/18. The next stage takes effect on 6 April 2018. What do you need to know and how can you minimise the impact?
Your company rents its business premises from you. Last year you spent so much on replacement fittings in the building that the expenses outweighed the rent you received. What’s the most
tax-efficient way to deal with this loss?
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?
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?
You’ve let out a house for years, but your total income has always been less than your tax allowance so you haven’t declared it to HMRC. Will you need to reconsider in view of the impending major
changes to the tax rules for landlords?
After being dropped from the original 2017 Finance Bill the £1,000 tax-free property allowance is back on the agenda. When will it take effect and what types of rental income will it apply to?
From 6 April 2017 the tax relief on finance costs relating to let residential property will be restricted. The amount of the restriction can be affected by your other income, but working it out is
far from plain sailing. What do you need to know?
Your company has accumulated sizeable profits and you and your fellow directors are looking for a tax-efficient way to take them. Someone has suggested buying a share of the company’s premises. Is it
something worth considering?