Tag Archives: Landlords

Residential Finance Costs

rent finance

Back in July 2015 the then Chancellor, George Osborne, announced a change to the way that tax relief for finance charges, in particular loan and mortgage interest, would be given against residential property rents. Rather than reducing the net profit of the residential property business, any tax due would be […]

Landlords and Tenants – COVID-19 summary

advice for landlords

Our tax director Martin Wardle gives his summary of the official guidance that has been released for landlords and tenants as well as a local spin on current matters as a result of Covid-19 from Bruce Haagensen of North East Landlords on it’s effects on licensing and students. Watch our YouTube video […]

Landlord advice on Let Property Campaign

Let Property Campaign

“An Englishman’s home is his castle,” or so goes the oft-quoted adage…But what happens if you receive an unexpected Let Property Campaign letter from HMRC which states you may have underpaid tax?  For many people a buoyant property market is the principal barometer of the health of the economy and […]

UK residential property capital gains tax – new rules

residential property capital gains tax

On 6 April 2020 new tax rules are being introduced which mean that: • All sales of UK residential property, – on which there is a chargeable capital gain, – must be reported to H M Revenue Customs within 30 days of completion; • The tax must be paid at […]