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
There’s more than one rule which determines the type of tax relief you can claim for capital expenditure in a property rental business. Different rules can apply from year to year. Which can you
claim and how can you ensure maximum relief?
Published 07.01.2020
If you let residential accommodation and meet other conditions you can claim capital allowances (CAs) for the cost of furniture etc. But, if temporarily the conditions aren’t met, some CAs can be
permanently lost. How can you avoid this?
Published 07.04.2022
If you own a residential property with multiple tenants, you might be missing out on tax deductions. Despite a recent tightening of the rules there’s still scope to claim capital allowances (CAs) and
a wear and tear deduction. What’s the full story?
Published 24.02.2012
The landlord of your premises has given you permission to add a bespoke lighting system. It will cost nearly £10,000. To ensure it qualifies for tax relief there are special steps you might need to
take. What are they and when are they needed?
Published 24.03.2022
If a company owns the property used by another company for its business, there could be a problem when it comes to claiming capital allowances. What is it and can you get around it?
Published 29.03.2010
You want to make improvements to your business premises. The landlord has agreed as long as he approves the work first. It includes the installation of fixtures to the building. Who’s entitled to the
tax deduction for these?
Published 26.06.2019
If you buy equipment for use in your business you’re entitled to claim a tax deduction for the cost. But who can claim the deduction if the equipment is shared by two or more businesses?
Published 03.12.2015
Your new accountant has been pawing over your business records and identified expenses going back ten years for which no tax deductions have been claimed. He says a claim can still be made. It sounds
a bit dodgy to you, is it really OK?
Published 23.12.2014
One of our subscribers is being threatened with extra tax and penalties for claiming capital allowances (CAs) for the VAT he paid on the purchase of equipment. Is HMRC right to say the qualifying
cost must be exclusive of VAT?
Published 20.02.2024