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Claiming Loan Interest Relief

Keeping accurate records could save you tax ...

A meeting with a potential new client this week has prompted me to write this blog post and remind us all how keeping accurate records could save you tax ...

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Family Will Planning: Using The Nil-Rate Band On First Death

To be effective, It needs to be used properly ...

When it comes to family will planning, have you heard of the nil-rate band on first death? It sounds like a mouthful, but when it comes to Inheritance Tax, it's a really useful relief ...

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Capital Gains Tax: Buy-To-Let landlords To Be Hit Again

HMRC proposes changes to the payment window ...

Buy-to-let landlords are having a difficult time with all the tax changes going on. HMRC have thrown another curveball with the timings of Capital Gains Tax payments on a property sale ...

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HMRC Restricts Non-Statutory Clearance Process

No more safety net ...

In a previous blog post, I advised that incorporating a property letting business could benefit from HMRC's Non-Statutory Clearance Process. However, this has now been withdrawn ...

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How To Lose Principal Private Residence Relief

There are a number of pitfalls ...

People may think that Principal Private Residence Relief is the best relief to offset against Capital Gains Tax, but there are a number of pitfalls that mean you can accidentally forfeit it ...

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Rental Property: To Furnish Or Not To Furnish?

Or even part furnish ...

As you start to prepare your 2017/18 tax return, you may be looking at the schedule of costs incurred on your rental property and are thinking about what can be claimed as a repair ...

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Taxation Of Serviced Accommodation

The benefits and disadvantages ...

I stayed in serviced accommodation at the weekend. It was so easy to book, the apartment was nicely furnished, clean, we were left bedding and towels and the entry was keyless ...

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The Tax Implications Of Employing Family Members

Make sure you have documentation ...

I reviewed a tax case to do with employing family members and thought I would blog about it. The case was about a parent paying their children through the business ...

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Pre-Letting Expenditure: What Can you Claim?

It's easy to fall into the capital expenditure trap ...

When a landlord purchases a new property to let out, they'll spend money on getting it up to a standard to maximise the rental income. But what pre-letting expenditure is allowed?

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Jointly Owned Property And The Use Of HMRC Form 17

Income Tax vs Capital Gains Tax ...

Surely, if a rental property is owned as tenants in common and the beneficial ownership is split 70:30, this is the split that we can declare on our tax return, right?

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More Tax Changes Affecting Buy-To-Let Landlords

About the new cash accounting rules ...

HMRC have partially removed the amount of mortgage interest on which buy-to-let landlords can claim full tax deductions from rental payments. This will likely increase their tax bills ...

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Inheritance Tax: Can You Gift Your Home To Your Children

And continue to live there?

For most people, the family home is their most valuable asset. With the increases in house prices, it is very easy to see why more estates are exceeding the Inheritance Tax threshold ...

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