Landlords of residential properties are now facing tough restrictions on tax relief for borrowing, so there’s all the more reason to maximise other let property tax reliefs. What hidden deductions
might you be missing out on?
Published 26.06.2017
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
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
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
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
One of our subscribers owns a buy-to-let which, because it was empty he used as a stop-gap home when he moved. He eventually found another tenant. How should he account to HMRC for the expenses
incurred for the vacant period?
Published 13.06.2018
Airbnb and other short-term letting businesses face greater government regulation. The relatively good news is that at least there are no proposals to change the tax regime. So, if you’re thinking of
becoming an Airbnb landlord, what are the key tax considerations?
Published 26.05.2023
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’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?
Published 09.01.2017
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?
Published 06.10.2017