This summer will be your first stab at the Airbnb market. You’ve read a lot about the various alternatives for tax deductions and allowances you can claim, but which are open to you and which can
save you the most tax?
Published 26.06.2019
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
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
Your work is about to take you away from home for a long stretch. You’re thinking of taking in a lodger who can keep your place secure and, as a bonus, will pay you some rent. As you’re not living at
home can you claim rent-a-room relief?
Published 15.02.2018
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
If you let part of your home, rent-a-room relief might automatically exempt the rent from tax. This sounds good but it might not be tax efficient. When might the relief not work to your advantage and
what steps can you take to counter this?
Published 01.06.2021
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
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’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