This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

Real estate

HOW WILL THE UPCOMING CHANGES TO OFFPAYROLL WORKING IMPACT REAL ESTATE AND CONSTRUCTION INDUSTRIES

The update now puts the onus of the SDS (Status Determination Statement) on medium or large companies using contractors. Companies which HMRC defines as a small company will not have to complete the SDS.

Do you need to make a tax disclosure?

HMRC has a new £100m weapon to help identify individuals who may not be declaring all of their income and, therefore, paying too little tax.  

Your Personal Tax Account

Have you checked your personal tax account recently? If at all?  Latest research from the Post Office shows that 46% of UK workers have never checked their personal tax account.  

Do you own a holiday let property?

There is a number of tax incentives that you can take advantage of if you own and let a Furnished Holiday Lets property (FHL). They include:You can claim Capital Gains Tax reliefs for traders (Business Asset Rollover Relief, Entrepreneurs’ Relief, relief for gifts of business assets and relief for loans to traders),

Five tax changes buy-to-let landlords should be aware of in 2019

The 2019/20 tax year started on the 6th April and contains a number of changes which buy-to-let landlords should be aware of for the year ahead. 

Maximum age and term increases will benefit ‘older’ buy-to-let investors

Typically, those who are older and have applied for a buy-to-let mortgage have faced barriers due to the limited options available to them. 

Expenses you can set-off against rental income

The expenses you claim against your property income will need to follow the usual HMRC ruling that the costs must be incurred wholly and exclusively for the purpose of renting out the property.

Recent tribunal triggers debate over capital allowances

Commercial property firms are being urged to ensure their capital allowance provisions are in order after a tribunal sparked a debate over claims.

Tough times for retail landlords

As bricks-and-mortar retailers continue to struggle, landlords have to brace themselves for more tough negotiations ahead.