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Guides & Tips - Tax & Finance

OTHER GUIDES & TIPS

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Tax Self Assessment - the mistakes landlords make…

It’s the time of year when everyone is rushing to meet...

HMRC’s Self Assessment Guide for Landlords

HMRC has produced this material for landlords concerned at the prospect...

Navigating the holiday let investment market

Covid-19 has upended most industries, at least for a short while,...

LATEST GUIDES & TIPS

Investing in Bangkok's Luxury Market: What You Need to Know

Bangkok, a city known for its vibrant street life, majestic temples,...

Renters Reform Bill: An ongoing tale of promises and problems

Back in 2019, the Government promised a ban on so-called no-fault...

Scrapping Section 21 - Mismanaged from start to finish

The government has been accused of mismanaging reforms to no-fault evictions...

Tax & Finance

How To Finance Different Types of Property Purchase

If you’re moving home and have either plenty of equity or savings you can use for a deposit, plus a decent income, it can be straightforward...

Affordability - Can rents really keep rising?

Tenant referencing provider Canopy has released data from a  rental affordability index, which claims most tenants are at the very limit of what experts believe is...

How Non-Dom Tax Reforms Will Impact Prime Central London

The UK government's long awaited Spring Budget announced some key changes for the property market in an effort to stimulate activity across the UK.  Changes in property-related...

Is the Furnished Holiday Let sector dead post-Budget?

The tax reliefs enjoyed by landlords running Furnished Holiday Lets (FHL) were cut by the Chancellor this month. Some say the market will collapse. I don’t...

New Tax Year - the Winners and Losers

It’s all change at the start of the new tax year, and with so many tweaks to so many rules, it’s easy to lose track of...

Long term Renting risks ruining our retirement resilience

Renting affects the resilience of all age groups.  Only one fifth of Millennial/Gen Z households who rent are on track for a moderate retirement income, compared to...

Tax Cuts - what should we expect in Wednesday's Budget?

Like a parent whose kids expected half term in Disneyland, Jeremy Hunt is spending the week managing expectations – and crushing dreams.  He doesn’t have as much...

How To Prepare for Next Month’s Budget

Speculation continues apace over the likely measures in next month’s Budget, especially after what is seen by political analysts as a bruising week for the government. However,...

Tax - will Jeremy Hunt target stamp duty in his Budget?

Although SDLT receipts have been volatile in recent years, the property tax’s effectiveness as a revenue-raiser for the Government is not in doubt. SDLT receipts for the...

Under 30s Face An Impossible Task When Renting

Research by Zero Deposit, a deposit alternative service, claims that under-30s face an almost impossible task when it comes to current rental affordability, with just seven...

The Sneaky Seven - more expert tax info for landlords

Painful tax traps have been set for millions of people this year. Your pay may not even have kept pace with inflation, but a rise may...

Capital Gains Tax - the triple threat to investors

The capital gains tax allowance will be cut on April 6 from £6,000 to £3,000, so more people will pay CGT. The allowance hasn’t been this low...

What Should We Expect from the Budget on March 6?

The Treasury has announced March 6 as the date for the Spring Budget and Chancellor Jeremy Hunt has commissioned the Office for Budget Responsibility to prepare...

Just days to go to self assessment tax deadline - here’s what to do

There are now fewer than 35 days until self employed workers - including many landlords - will need to submit their self-assessment tax return, and pay...

Soaring Capital Gains Tax and Income Tax - who pays what?

Britain’s top 100,000 taxpayers footed an average income and capital gains tax bill of £559,000 each in 2021/22. That’s up by 18 per cent from the £475,000...

Tax - Eight Reasons You Could Pay More in 2024

After the Autumn Statement unveiled a major tax cut for January, you’d be forgiven for thinking you’ll pay less tax in 2024. However, there’s every chance...

Tax and Landlords - the issue that won’t go away

I recently attended the NRLA’s annual conference in Birmingham and a theme that still dominates discussion in the industry is the tax treatment of landlords.  Department of...

Chancellor Should Provide Targeted Support for Landlords and Tenants

When Chancellor Jeremy Hunt gets to his feet on Wednesday to deliver his Autumn Statement, he should consider offering support to both tenants and landlords. While rising...

HMRC’s Self Assessment Guide for Landlords

HMRC has produced this material for landlords concerned at the prospect of self-assessment  - What is Self Assessment and why do I need to do it?  Self Assessment is...

Autumn Statement - will it help landlords?

Propertymark has set out its stall for next month’s Autumn Statement - and many of the demands are for improvements that will directly benefit landlords. The Chancellor...

Landlords urged to file tax returns as soon as possible

Landlords grappling with tax returns have been given some advice - file them sooner, rather than later. Data analysed by business consultancy Hargreaves Lansdown shows that almost...

Should Landlords Be Given Buy To Let Mortgage Support?

To help or not to help: that is the question the government is facing with regard to under-pressure private rented sector (PRS) landlords. Interest rate rises and...

The Benefits of Landlord Incorporation

Scores of portfolio landlords are incorporating their property portfolio as limited companies, which could save hundreds of thousands of pounds on Capital Gains Tax (CGT) and...

Inheritance Tax - Are Landlords Looking For Shelter?

Buy-to-let landlords with property assets held in a company could be taking advantage of the current dip in house prices to plan for succession and mitigate...

Capital Gains Tax - How to optimise your position

The data from the 2021 to 2022 tax year reveals that it has been a bumper year for capital gains in the UK, setting records in...

Property Investment and How the Investor Demographic has Evolved

Property investment dates back centuries – millennia, even. As a fundamental necessity for post-nomadic humanity, residential and commercial real estate have been highly sought-after assets for...

The Five Unexpected Costs of Being A Landlord

1. Extra mortgage costs While anyone who owns a property runs the risk of not being able to pay their mortgage, the risks for landlords can be...

The Rise and Rise of Landlord Limited Companies

Over the past year, we have witnessed an increase in the proportion of landlords opting to acquire properties through limited companies.  This strategic move brings about several...

The NRLA Demands Change in the Private Rental Sector

Across the country landlords and renters are struggling as mortgage costs soar, tax hikes bite and uncertainty remains about the impact of forthcoming rental reform on...

Top Ten Tips for landlords to avoid making insurance claims

Having insurance is a sensible way to protect yourself as a landlord against the financial cost of damage or liability claims. Still, it’s just as important...

Mortgages - Let’s Keep Things In Perspective

There is currently a lot of discussion about the mortgage crisis, its impact on borrowers and landlords – and calls for government and regulators to intervene...

Failed to Disclose Airbnb Earnings? This is what you do...

HMRC has recently launched a renewed investigation into Airbnb hosts, with the site compelled to share earnings data to assist in uncovering any unpaid tax. However, the...

How To Bring Forward Your Tax Freedom Day

This year Tax Freedom Day fell on Thursday June 8. This was the day of the year by which, theoretically, the average UK taxpayer will have...

Should Landlords Be More Concerned About Inheritance Tax?

Inheritance tax receipts hit £600 million in April 2023 according to data released by HMRC. This is £100 million higher than in April of the previous...

HMRC is Reviewing Landlords’ Tax Liabilities

Landlords have again become the focus of HMRC. The government department is currently using data from rent deposit schemes to assess the likely tax that should...

Optimise Your Tax Position Ahead of April 6

Over two million more people are likely to be higher rate taxpayers by 2028 – thanks to the freezing of the higher rate tax threshold. This...

What’s Cheaper? Buying or Renting?

The monthly cost of owning a home for first-time buyers is now £971 - £42 or four per cent lower than the cost of renting the...

Mortgage Warning Signs from the Bank of England

In the last three months of 2022, mortgages agreed for the coming months were down by a third from the previous three months, and down a...

Tax Saving Tips to Consider before Tax-Year End

With less than one month left until the end of the tax year, many experienced investors will have completed their tax year end routine by now:...

Addressing the Perfect Storm of Rental Change

For many years, investing in property has been seen as a way of obtaining “passive” income. Compared to other types of investment, which may have required...

Capital Gains Tax: the triple-whammy tax on inflation

The capital gains tax allowance will be cut from £12,300 to £6,000 on April 6 – the lowest the allowance has been for more than 25...

Tax Self Assessment - the mistakes landlords make…

It’s the time of year when everyone is rushing to meet the self-assessment deadlines. Unfortunately, experience shows that there will be thousands of landlords making at...

Tax Self-Assessment: Top Tips for a Last-Minute Return

Landlords making self-assessment tax returns may already be starting to sweat - the deadline is midnight on January 31. Overall - landlords and others combined - some...

Take in a lodger in 2023 to earn some extra cash

If you’re looking to make some extra cash in 2023 as the cost of living continues to bite, you may consider taking in a lodger as...

A Hidden Crime - how to spot financial abuse

When life is impossibly expensive, it’s not a surprise to see a rise in financial abuse. And to make matters worse, those same rising bills and...

Understanding Buy To Let finances – tips for new landlords

Although the property and mortgage markets have been in a state of flux for the past few months, with rising interest rates and the tightening of...

How Landlords Can Minimise Inheritance Tax

New figures from HMRC this week show that the Treasury raked in another £4.1 billion in inheritance tax receipts in the months between April and October...

Under Threat - The Holiday Lettings Sector

A confused and complicated approach to holiday homes in England, Scotland and Wales threatens the future of the holiday letting sector and puts at risk the...

Warning to Landlords - perseverance and patience pay in uncertain times

Uncertainty has become a vastly overused word to describe our economic situation in recent years. But, once again, it’s an unwaveringly appropriate word to describe the...

Property Trader or Property Investor? why it matters for tax

If you are involved in property, it is important for tax purposes to be aware if your activities will be classed as trading or investment. The...

Landlord Update - the government's Plan For Growth

The new Chancellor of the Exchequer spoke for only 25 minutes but effectively turned the recent history of British tax policy on its head. Kwasi Kwarteng says...

Advice to Landlords: Plan Ahead in Volatile Markets

We seem to be living in a continuous stream of ‘once in a lifetime’ events. From Brexit, to the pandemic and now the conflict in Ukraine,...

Managing Finances for Furnished Holiday Lettings

Managing property finances can be hard work, long-winded and stressful. With regulation changes and market volatility, keeping on top of your finances can seem like an...

Landlords and the Next Interest Rate Decision

On August 4 the Bank of England’s Monetary Policy Committee voted to raise the base rate from 1.25 to 1.75 per cent - the sixth consecutive...

Is This The Right Time for Landlords to Incorporate?

More SME landlords are seeking advice about whether now is the right time to incorporate, before progressing plans to secure more finance and expand their portfolios....

Energy Efficiency - Funding Options for Retro-fitting Properties

In the drive for the UK to be net zero by 2050, residential landlords are facing costly green refurbishments.   Already, landlords are required to provide Energy...

Making Tax Digital - an Opportunity for Landlords

A big change in the way landlords monitor their property finances and file their taxes is fast approaching in the form of Making Tax Digital for...

Spring cleaning your mortgage tips

As the weather begins to warm up, many will be starting to think about giving their homes a seasonal spring clean. But with soaring cost of...

What The Spring Statement Means To You

Horrendous price rises are set to hit hard this year. The Spring Statement laid out plans to mitigate the pain of the National Insurance hike for...

Buy To Let Lending Hits its Highest Ever Level – so what’s next?

Buy-to-let lending hit its highest ever level last year, spurred on by record levels of tenant demand, the Stamp Duty Holiday and cheap mortgage finance.  Figures from...

Navigating the holiday let investment market

Covid-19 has upended most industries, at least for a short while, over the past two years. But the tourism sector has been hit harder than most.  With...

Tax Tips for Hosting on Airbnb

The Airbnb market in the UK is booming.  Before the pandemic there was over 223 thousand active listings on Airbnb in the UK. If you’re looking to...

Landlords' New Property Battleground - the semi-detached house

Landlords are targeting semi-detached homes over terraced houses for the first time, but with limited stock availability and strong competition from residential buyers, they face a...

The True Costs of Being A Landlord In 2022

Covid-19 has undoubtedly shifted the way new landlords will be looking to invest in 2022, and our ranking makes it clear that considering location alongside price...

Landlords’ extra time to submit self-assessment tax returns

Sarah Coles, senior personal finance analyst at Hargreaves Lansdown, writes: The government has announced extra breathing space for anyone who hasn’t got round to tackling their...

Is Buy To Let Over? Not yet it isn’t…

The demise of the buy to let market has been much predicted over recent years. Major tax changes, a three per cent stamp duty surcharge, and...

Interest Rates - what about Unlucky Accidental Landlords?

Many homeowners face situations where they have no other option but to rent out their home. Often there are periods where a residential property is unoccupied,...

Taxing Times: How to become an accidental landlord pain free

It’s a common scenario: you put your house on the market, struggle to find a buyer, and then end up renting the property out to facilitate...

Advice for BTL landlords: How to operate successfully during a recession

The coronavirus crisis has hit the UK's economic outlook, and many buy-to-let landlords are understandably worried about their post-lockdown rental property prospects.  The rental experts at Home...
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