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 […]
Category Archives: Business Tax
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. […]
It’s not always obvious that even one company is a good thing but for those where it is the next question is often how many? In no particular order think about the following: – lenders sometimes insist that a lender is in a company on its own to protect their risk – you should do risky things […]
I was speaking at an event last night and updated the audience with my thoughts on the recent budget and some general updates that landlords need to know about. At the end of the talk I was approached by a lady who said she was still confused and asked me directly if she should buy […]
On the back of my insurance email yesterday I suppose I should cover off tenancy deposit deductions. If your tenant moves out and leaves your place in a mess you’ll likely keep some money back to cover the cleaning. Same goes with damages. Just like insurance claims if you pay the money out […]
I mentioned punitive tax rates in my last post and some of you might be wondering how bad it has to be before you do something stupid like fall for a scam. Well here is a simple real life example that could happen to anyone that has a run of repairs. Rent – £10,000 Interest […]