You own several properties, some commercial and some residential. In the last tax year you made a loss from letting some of the properties while others made a profit. What’s the most efficient way to
use the losses?
Published 26.01.2022
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
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
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 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
A tax inspector is disputing deductions for costs relating to unused business premises included in your latest accounts. Are you entitled to tax relief for these or does the inspector have a point?
Published 04.07.2017
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
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