Tag Archives: Tax

Nearly half of landlords hit by tax change

The National Landlords’ Association (NLA) has revealed that 47% of landlords will be hit when the annual wear and tear allowance is removed from next year. The move was announced by the Chancellor, George Osborne, in his latest Budget for the allowance to be removed and instead landlords will have to claim for the actual […]

HMRC wins buy to let CGT relief case

The tax man is taking a tough line on property investors claiming capital gains tax relief on second homes and buy to lets.

Stealth Budget scraps another property tax relief

Landlords have lost a back-door stamp duty relief worth around £1,500 on buy to let property in disadvantaged areas in Chancellor George Osborne’s Budget 2013.

Tax man is tracking income shifting couples

Married couples who have joint ownership of a buy-to-let property are urged to consider altering the split of rental profits in order to lower their tax bill.

Tax man in unfair crackdown on landlords

The tax man is cutting corners in a crackdown on landlords and unfairly pursuing those who have properly declared their tax, claims an accountant.

Judges reject home office tax claim

A new ruling by judges could change how landlords claim mileage expenses when travelling between their home and rental properties.

Landlords paying salaries and wages

Salaries and wages are costs for a private rental property rental business just like any other business – but don’t forget some key rules.

Lawyers crack down on warring buy to let owners

Warring couples arguing over who owns buy to let properties in divorce settlements are causing headaches for solicitors and the Land Registry.

Property tax cheats banned as directors

Property developers who tried to dodge paying £500,000 in corporation tax by placing their firm in liquidation without settling the debt have been banned from acting as directors for four years by The Insolvency Service. Walid Wasfi Wasif Musmar, 38, and Antoni Fields , 53, of Barnet, London, ran Oberon Properties Ltd, which sold a […]

Mansion tax door closed for good

The mansion tax and any similar valuation-based property taxed has been consigned to the Whitehall dustbin for good, said Chancellor George Osborne in his Autumn Statement.