A solicitor reached out to me yesterday asking how I’ve been keeping and what I was up to. She works in the defence of claims against accountants. I mentioned that I think there will be a lot of claims in future from people advised on the wrong structure for their property investment activities. She asked […]
Author Archives: Martin Wardle
What is a dwelling? What does it mean for something to be suitable for use as one? Why does this matter? What am I talking about? In a group chat I am in someone posted a picture of what was a truly terrible room in a house that needed a staggering amount of work to bring […]
I took someone out for a cuppa recently and snapped a picture of the receipt for my records. They asked what I was doing. I explained my business accounts are on Xero so naturally I snap pictures of my receipts to save time. This chap has been using Xero for many many years but had […]
It won’t come as a surprise at all to most of you that the mainstream press don’t always get things right. Landlords are seemingly gladly mis portrayed as evil capitalists that don’t care at all about their tenants. We are also lumped in with the “rich” when people shouting about “taxing more!” and rarely do […]
Housing shortages aren’t just causing issues in the UK. Most western countries are in the same boat. They are also trying solve it in different ways. They are even taking to repeating things that haven’t worked elsewhere. […]
s24, the restriction of finance charges, has been a big issue for landlords for coming up on ten years now. Stats show that a larger percentage of houses being sold at the moment are former rented homes so it could be argued that at last Osbornes original plan of ensuring more homes are own by […]
Most of you will know that sales of residential property need to be declared and tax paid in 60 days. There is however one handy exception! I first learnt of this two years ago via a pal but almost forgot about it until it came up just now with a client. Most of you will […]
A reader and good pal sent me an email to look over recently. It had two elements that should strike fear in to any landlord. First of all it was offering tax work at such low prices that they cannot possibly be “value”. I’ve written before that If you are paying less than a few […]
For most landlords, as individuals, you look at the money received in the bank and the expenses that left, during the window of 6th April through to 5th April, and put those figures on your tax return. Simple. This is called the cash basis. It provides that the money in and out are your figures […]
From April 2026 you will may to send quarterly updates depending on the level of rental income you receive. This fills some with dread. For some it is the quarterly part that they don’t like. For others it’s the idea that you will need software to do it. Making Tax Digital for Income Tax Self […]