UK tax treatment of rent from overseas properties
A person who is resident and domiciled in the UK is liable to UK tax on their worldwide income. Consequently, […]
UK tax treatment of rent from overseas properties Read Post »
Using a property company for furnished holiday lets
The current tax regime for furnished holiday lettings has a number of advantages, including the ability to deduct interest and
Using a property company for furnished holiday lets Read Post »
Utilising losses from a property rental business
Where a landlord makes a loss on their property rental business, the options for using that loss are limited. The
Utilising losses from a property rental business Read Post »
End of the FHL regime and transitional rules
Landlords with furnished holiday lettings (FHLs) currently enjoy favourable tax advantages compared to those letting residential property on longer term
End of the FHL regime and transitional rules Read Post »
Treating tenants’ deposits correctly for tax purposes
It is usual for a landlord to require a deposit from a tenant as security against damage to the property.
Treating tenants’ deposits correctly for tax purposes Read Post »
Tax implications of letting out your drive
If you have room on your drive, you may be able to earn additional income by letting out one or
Tax implications of letting out your drive Read Post »
Brightline test for FHLs ruled out
Landlords with furnished holiday lettings (FHLs) face an uncertain future. At the time of the Spring 2024 Budget, it was
Brightline test for FHLs ruled out Read Post »
Letting through a company
The interest restriction for landlords letting residential property on long lets, the proposed abolition of the favourable furnished holiday letting
Letting through a company Read Post »
Beware of the lifetime limit when claiming BADR on the sale of the FHL
Landlords with furnished holiday lettings (FHLs) are living in uncertain times. At the time of the 2024 Spring Budget, it
Beware of the lifetime limit when claiming BADR on the sale of the FHL Read Post »
A repair or an improvement and why it matters
As a landlord, periodically you will need to undertake work on your property. This may simply involve fixing a leaky
A repair or an improvement and why it matters Read Post »