Earn tax-free income from renting out your garage
There is a demand for garage space, particularly from tradespeoplewho want somewhere to store their tools safely rather than leaving […]
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Holiday lets and business rates
Although the end of the tax regime for furnished holiday lettings relieved landlords of the need to keep track of
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Take advantage of the property rental toolkit
HMRC publish a property rental toolkit which can be used to avoid making common errors when reporting income from property
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Tax implications of failing to pay rent on a property held in a SIPP
Using a Self Invested Personal Pension (SIPP) to hold commercial property which can be rented to your personal or family
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Relief for post-letting expenses
All good things come to an end, and a property rental business is no exception. However, expenses may be incurred
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Jointlyowned holiday lets – Should you make a Form 17 election?
The favourable tax regime for furnished holiday lettings (FHLs) came to an end on 5 April 2025. For 2025/26 and
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UK and overseas property businesses
Profits arising from land or property are treated as arising from a property business. For tax purposes, profits from land
UK and overseas property businesses Read Post »
Enjoy £1,000 of property income tax-free
The property allowance enables individuals to enjoy property income of up to £1,000 each tax year free of tax and
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Incorporating your property business
Running a property business through a limited company has become increasingly popular, not least because the rate of corporation tax
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Holiday lets – Business rates or council tax?
Landlords letting holiday accommodation may be able to pay business rates rather than council tax on their property. This will
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