Episode 1 of this newsletter referenced a conversation I had with a pal where he mentioned “Tax Invasion”. I loved it. A little slip of the tongue that radically changed the meaning of the sentence. Once you look at tax for more than a few minute you realise that evasion is completely illegal. Always. This […]
Author Archives: Martin Wardle
Imagine if George Osborne had beef with chip shops instead of landlords. What do you think he would have done? Let’s reimagine his speech from July 2015 in an alternate world where this is the case. This what he said about landlords. Word for word apart from the obvious changes. […]
Tax is a topic full of extreme complication but can also sometimes through out a cheeky little simplification here and there that is worth knowing about. Now if the idea of having a lodger fills you with dread you can sigh off here. If you do have a lodger, or might have one, then keep […]
I am speaking to a room full of landlords tomorrow (I know! Lucky them!) for Newcastle Council. My topic “Tax Policy and Property Structures” covers a wide range of issues. As you will know I have written what is now 126 emails covering tax on property income and I still have quite a few things […]
The question of tax relief comes up so much there is always an angle to cover. This time I am going to look at the tax relief available for those that borrow money specifically to introduce to a company. In the main people have borrowed money to lend to a limited company but it is […]
How much discount should you really be asking for to pay cash? We all know the score. Someone fixes a broken fence, plasters a wall, paints a ceiling or one of the hundreds of other things landlords incur costs for. You ask them how much and they say “less for cash”. Quite how much less, […]
As previously mentioned Making Tax Digital and quarterly reports are incoming. Rachel Reeves confirmed that the threshold for participation has officially been set at £20,000 from April 2028. This is probably a year earlier than she suggested before Christmas. She had said that it would happen before the end of the current parliament. Is […]
The Annual Tax on Enveloped Dwellings is a curious sounding thing. ATED is an unusual sounding thing with dramatic consequences. It is a domestic property tax that is levied on entities that own high value residential properties. Generally this means companies but it can sometimes mean partnerships with a corporate partner and other things. […]
I’m staggered by the number of people that have jumped on to the FHL market in recent years. A perfect storm of tax plus socials issues meant they became a target for many landlords. Tax wise they enjoyed full deduction of mortgage interest. Socially, Covid meant that more people holidayed in the UK and […]
I’ve covered the allocation of income before here and also the importance of getting the right help with your taxes. I might not have mentioned I’ve been giving tax advice for over 30 years. I have an as you would imagine I’ve seen a lot. I mean, A LOT! I have never seen anything […]