Knowledge Base.

Read our articles to keep up to date with the latest legislation, which will help you save tax.

Buy to let tax update for landlords – October 2018

Article relevant to the tax year 2018/19 What are the most talked about buy to let tax subjects? Throughout the month I have been reviewing the number of hits that we have received on our Optimise Accountants website. Capital Gains Tax (CGT) the most talked about buy to let tax subject Unsurprisingly the largest number of views on […]

How Section 24 affect property investors?

By Simon Misiewicz Article relevant to the tax year 2018/19 What is Section 24 mortgage interest relief cap? Our property accountants have already written about Section 24 in a previous article. Before we get into the details please feel free to download the spreadsheet to see how this will affect your property portfolio and your tax position […]

Property investors with overdrawn directors loan accounts

By Simon Misiewicz Article relevant to the tax year 2018/19 What do you do when you have an overdrawn directors loan account? One thing is for sure you want to repay to avoid unnecessary tax. We have previously written an article of how you can extract cash out of a limited company. In that article, we […]

Gift Buy To Let Properties To Children Without paying CGT

By Louise Misiewicz Relevant to tax year 2018/19 Are you worried about the mortgage interest relief cap and how it will affect your personal tax position? Are you concerned about inheritance tax (IHT)? You may want to transfer properties from your estate to your children but do not wish to pay Capital Gains Tax (CGT) […]

Payroll for property investors supported by property accountants

By Simon Misiewicz Article relevant to the tax year 2018/19 Payroll: Are you using a limited company and wish to pay yourself a wage? Are you aware that you may need to use a payroll system? We, as property accountants, have spoken about the many benefits of using a limited company for tax efficiencies in another […]

VAT flat rates for holiday lets and serviced accommodation

By Simon Misiewicz Article relevant to the tax year 2018/19 Are you aware of the VAT implications for holiday lets or serviced accommodation?  Is your holiday let / serviced accomodation rental income over £85,000 Once you reach an income level of £85,000 on holiday let/serviced accommodation then you need to register for VAT. This brings about […]

Use property accountants to manage a holding company

. By Simon Misiewicz Article relevant to the tax year 2018/19 Do you know how a holding company works? Is it time that you got a holding company in place?  Work with one of our property accountants to set up your tax-efficient holding company. We are not going to discuss the benefits of a limited […]

Avoid paying Capital Gains Tax (CGT) when selling properties

By Louise Misiewicz Article relevant to the tax year 2018/19 Are you looking to dispose of an investment property? Are you looking at ways of avoiding Capital Gains Tax (CGT)? Before we go into the details, we at Optimise, still believe that properties still have a place for everyone. There are many property investments out […]

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