Your rental property was vacant after the last tenant moved out. After a while you let your son move in as a temporary measure. How much, if any, of the running expenses must you disallow for tax
purposes to account for personal use?
Published 22.01.2013
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
As a landlord, you’re able to offset property-related expenditure against the gross rents you receive. However, does this include the cost of any bills incurred when the property is vacant?
Published 25.05.2006
Our subscriber is preparing accounts for the first year of his property rental business during which he spent a lot of money getting the properties ready for letting. His question is how much of the
expenditure is tax deductible?
Published 31.05.2022
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
One of our subscribers intends to rent out her home to Olympic Games visitors next year. She spotted the Taxman’s recent press release on the subject, which suggests that some property income can be
tax-free. Is this correct?
Published 31.03.2011
Very often, property owners have more costs (loan interest etc.) than they have rents receivable. Unfortunately, it’s not possible to set off these rental losses against other income. However, there
is something else you could do…
Published 11.09.2008
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 change to the rules in 2008 led to a rash of claims for tax deductions on capital expenses against residential property rental income. The Taxman has now put a block on these. What’s changed and
what’s left that you can claim for?
Published 26.11.2010
A buy-to-let business can’t usually reclaim VAT on its expenses. Transferring it to your company could allow it to do so. It might also offer an opportunity for a tax-free lump sum. How can you take
advantage?
Published 21.01.2015