Category Archives: Landlords

Mortgage interest on rented property - Alexander Accountancy Burton on Trent

Mortgage interest on rented property

Under new rules that came into effect from April 2017 the tax relief on mortgage costs for residential landlords was restricted to the basic rate of tax. The finance costs restriction […]

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Replacement of domestic items in let property

Replacement of domestic items in let property

The replacement of domestic items relief has been in place since April 2016. The relief allows landlords to claim tax relief when they replace movable furniture, furnishings, household appliances and […]

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Letting agencies and the Money Laundering Regulations

Letting agencies and the Money Laundering Regulations

HMRC is responsible for the money laundering supervision of certain businesses including letting agencies. Businesses that HMRC is responsible for

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Deadline for notifying an option to tax (VAT) land and buildings

Deadline for notifying an option to tax (VAT) land and buildings

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as the

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Expenses you can and cannot claim against property rents

Expenses you can and cannot claim against property rents

If you are a landlord, it is important that you are aware of expenses you can and cannot claim from your rental income. As a rule, these expenses must

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The rent-a-room scheme - alexander accountancy Burton on Trent

Rent-a-room: letting as office accommodation

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current tax-free threshold of £7,500 per year has been in place […]

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Capital gains tax advice Alexander Accountancy Burton on Trent

CGT on second property sales – 30 day rule

The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed with effect from 6 April 2020. This change means that any CGT […]

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Are you a landlord that owes tax to HMRC? Alexander Accountancy Burton on Trent

Are you a landlord that owes tax to HMRC?

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to

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