The Pros and Cons of holding Property in a Limited Company

Since Section 24 (which you can read about here), the UK tax landscape has changed. Following George Osborne’s decision to stop investors and landlords from offsetting mortgage interest when calculating the profit made from buy to let properties, the panorama has shifted. Whereas before it was considered tax efficient to […]

Maximise Tax Relief When ‘Doing Up’ Your Buy-To-Let

Sarah Bradford explores the tax reliefs on offer when renovating a buy-to-let property. Buying a property to renovate and then let out, can be an attractive proposition, particularly where the buyer has the skills to undertake a lot of the work him or herself. However, while the aim is to […]

Holiday Lettings – At Your Service?

Mark McLaughlin looks at furnished holiday lettings in the context of inheritance tax business property relief. Business property relief (BPR) is a valuable inheritance tax (IHT) relief, which is available to business owners if certain conditions are satisfied. The relief applies to ‘relevant business property’, including a business or interest […]

Property Rental Expenses: Your Guess Is As Good As Mine!

Mark McLaughlin highlights a tax case in which HMRC estimated a taxpayer’s property rental business expenses in the absence of sufficient records. Keeping full and proper records of property rental business expenses is an important task for landlords. For example, HM Revenue and Customs (HMRC) could seek to disallow such […]

Non-UK Landlords to be Taxed on Profits from UK Property Investment

Despite being designed to attract investment from overseas investors over 50 years ago, a tax policy is set to be withdrawn following the announcements within the recent budget. Creating widespread disapproval, the Chancellor has revealed that non-UK residents will be subject to UK tax charges when selling their residential and […]

Taxing Times? Investing In A Student House

Sarah Bradford examines whether investing in a property for a student son or daughter to live in whilst at university is worthy of consideration. Student accommodation is expensive, and your student offspring may pay between £150 and £225 a week, depending on where they study. Renting is, for the tenant […]