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 […]
Category Archives: Property
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 […]
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 […]
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 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’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 […]