Read our articles to keep up to date with the latest legislation, which will help you save tax.
There may come a time when a limited company is no longer required. You can use Companies House services to close down the limited company using a DS01 form. You need to ensure that all creditors have been paid before this process.
Simon Misiewicz | 4 Mar 22
Learn moreHMRC’s £7,500 Rent a Room Scheme UK HMRC’s Rent a Room Scheme was introduced in 1992 to incentivise homeowners and property investors to let out spare rooms in their homes. According to HM Treasury, since the Rent-a-Room-Scheme was first launched, the UK’s Private Rental Sector has more than doubled in size. The emergence of multiple […]
Simon Misiewicz | 4 Mar 22
Learn moreAs let property campaign accountants serving thousands of UK landlords who purchase buy to let properties, we know that tax-efficient is of prime concern to our property investor clients. For those landlords who are not up-to-date with their property tax affairs, the Let Property Campaign is a long-running disclosure opportunity from HMRC that allows individuals […]
Simon Misiewicz | 4 Mar 22
Learn moreHow much property tax will you pay as a UK landlord Before we jump into the details about UK landlords and self-assessment tax returns, you may be interested in another article that we wrote. How much property tax does a landlord pay? Please go ahead and read that article later. Understanding the basics of self […]
Simon Misiewicz | 4 Mar 22
Learn moreClaim SDLT relief for Multiple Dwellings Relief (MDR) Do you pay stamp duty on buy to let property? UK landlords will need to pay stamp duty on their buy to let property purchase, but many reliefs are available. Multiple Dwellings Relief is an opportunity to reduce SDLT when purchasing a residential buy to let. […]
Simon Misiewicz | 3 Mar 22
Learn moreWhat is rollover relief and how does it help to reduce capital gains tax? Rollover over relief provides owners with the ability to defer the capital gain when they buy another asset at the same price. As shown in TCGA 1992 s.162 and HMRC’s manual about rollover relief investors can claim rollover relief to defer […]
Simon Misiewicz | 3 Mar 22
Learn moreWhat are Enterprise Investment Schemes (EIS)? The Enterprise Investment Scheme (“EIS”) is a Government scheme that provides a range of tax reliefs for investors who subscribe for qualifying shares in qualifying companies. There are five current EIS tax reliefs available to investors in companies qualifying under the EIS An individual with no more than a […]
Simon Misiewicz | 3 Mar 22
Learn moreCapital Gains Tax Reporting To HMRC within 60 days of selling a residential property UK Landlords who have sold a property and makes a taxable gain will need to report this to HMRC. The number of days to report a capital; gain is 60 days of selling the property if the completion date was on […]
Simon Misiewicz | 3 Mar 22
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