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What You Should Know Before Buying A HMO

Houses of multiple occupation (HMOs) have become increasingly popular with property investors in recent years and as property owners look for ways to increase their yield to counteract the introduction of mortgage interest relief restrictions, their popularity is likely to increase even further. The HMO market is thriving In March Shawbrook Bank predicted HMOs would […]

The Truth About Stamp Duty and Partnerships/LLPs

Have you heard about the latest craze of moving properties into a partnership to avoid capital gains tax (CGT) and stamp duty land tax (SDLT)? Have you heard how much it will cost? Does it all sound too good to be true or indeed confusing? I have been up and down the country attending property networking […]

Holiday Lets

Are Holiday Lets The Next Big Thing?

Are you fed up with being targeted by HMRC for being a residential property investor? In his budget last week George Osborne made it clear he won’t be backing down on his war against buy-to-let investors, announcing that the 3% stamp duty surcharge will definitely go ahead and that while the capital gains tax (CGT) rate will be […]

Top 8 Tax Allowable Property Running Costs You Need To Know

Are you fed up of paying too much tax? Are you worried about getting it wrong with HMRC? The Diagnosis The problem we all face is knowing what costs can be offset against your property profits. The less profits you have, the less tax you pay. It is that simple. As such there may be […]

HMRC To Pay For Your Next Property – Capital Allowances

19th February 2015 – Simon Misiewicz Are you feeling the pain of being a high rate tax payer? Are you being taxed twice a) PAYE and on b) property income? The Diagnosis Tax issues need to be diagnosed in order to be understood and a remedy implemented. If you are earning a decent wage from your […]

Renting Furniture From Your Own Limited Company

Posted by Simon Misiewicz on 2nd January 2015  Do you have furnished properties? Are you using a limited company to manage your properties & tax? If you have answered yes to either of the above questions then this article is for you. The Diagnosis Tax issues need to be diagnosed in order to be understood for […]

To Rent Or Not To Rent Furniture That Is The Question

Posted by Simon Misiewicz 22nd December 2014 Are you finding the cost of refurb a major pain? Are you putting furniture into your properties? If you have answered yes to either of the above questions then this article is for you. The Diagnosis Tax issues need to be diagnosed in order to be understood for a […]

Maximising Your Cash Flow On Furnished Properties And HMOs

Posted by Simon Misiewicz on 10th August 2013 Do you own furnished properties? Imagine with me that Susan buys a property and charges £595 as a furnished let. She could have got £495 but the market in her area demands more furnished properties. She therefore decides to put in bedroom and living room furniture and […]

Claiming the cost of white goods & furniture for furnished properties and HMOs against your tax

Posted by Simon Misiewicz on 10th August 2013 Do you have furnished residential property investments? Have you been told that you can’t offset furniture against your taxable income? In one sense you are not allowed to claim the cost of furnishings, furniture and white goods against your property investment income as outlined in my previous […]

Wear and Tear Allowance On Furnished Property – Are You Reducing Your Tax Correctly?

Posted by Simon Misiewicz on 9th July 2013 Do you rent out furnished properties? Are you claiming for wear and tear allowance? As many of you will be aware that residential property owners are unable to put through capital allowances on the following expenditure (2): Fixtures and fittings Furniture White goods Televisions, videos, WIFI equipment […]





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Telephone: 0115 939 4606
Email: simon@optimiseaccountants.co.uk