In July 2018 HMRC proposed new legislation to limit the circumstances in which rent-a-room relief can be claimed. When and how will the new restriction apply?
Published 03.09.2018
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 April 2016 the rent-a-room tax allowance almost doubles. This could be a game changer if you rent out an apartment or annex which is part of your home. What steps do you need to take to qualify
for the newly increased tax allowance?
Published 24.02.2016
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
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
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
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
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
As a higher rate taxpayer you lose 40% of the profit you make from letting a property in tax. To save tax can you draw up an agreement to transfer the income to your unmarried partner who pays tax at
the basic rate?
Published 13.06.2019
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?
Published 09.07.2018