Category Archives: property

Income excluded from a property business

10th December 2021 Posted by -

HMRC publishes a list of income streams that are excluded from a UK property business. The list includes fishing concerns, hotels and guest houses,

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Letting agencies and the Money Laundering Regulations

14th October 2021 Posted by -

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

14th September 2021 Posted by -

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

19th August 2021 Posted by -

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

30th July 2021 Posted by -

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

12th July 2021 Posted by -

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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Building a new home and VAT

22nd June 2021 Posted by -

The VAT DIY Housebuilders scheme is a special scheme that enables someone building their own home to benefit from special VAT rules that allow the

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Tax when you sell a business property

18th June 2021 Posted by -

There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you sell a property that has been used for

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