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A to Z of Property Tax Expenses for Landlords – C is for Cleaning

Welcome back to the new series of video features, brought to you by RITA4Rent, specialists in landlord and property tax. We continue with the letter C, which is for cleaning.  As a landlord, you will no doubt incur cleaning costs and services for your property. The good news is that this is usually eligible for tax

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A to Z of Property Tax Expenses for Landlords – B is for Bank Charges

Welcome back to the series of video features, brought to you by RITA4Rent, specialists in landlord and property tax. We continue with the letter B, which is for bank charges.  In running your property lettings business, should you have a dedicated bank account and incur bank charges from it, you may be able to claim this

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HMRC Let Property Campaign – Latest News

To celebrate approaching the half-way point of the Let Property Campaign, HM Revenue and Customs have this week sent out a further 2,000 letters to landlords they know have not been declaring their rental profits. This will be followed by thousands more, as the trend has moved towards more regular send outs as opposed to

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A to Z of Property Tax Expenses for Landlords – A is for Advertising

Welcome to a new series of video features, brought to you by RITA4Rent, specialists in landlord and property tax. Today we begin with the letter A, which is for advertising. As a landlord, you will likely incur advertising costs as you seek a tenant to let your property to.  These costs may be claimed as

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The 7 Dangers of a DIY Tax return

This article explores some of the risks of DIY Tax returns and demonstrates how instructing professional property and landlord tax advisors such as RITA4Rent helps you avoid these risks from occurring. Financial Cost Perhaps one of the most common reasons for doing a tax return yourself is not wanting to pay the costs of instructing

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Inheritance Tax – FAQs

As Benjamin Franklin famously stated, “In this world, nothing can be certain except death and taxes.” This is a perfect introduction to the world of Inheritance Tax. Our feature explores 5 FAQs giving readers a general grounding in the area.   “So what exactly is inheritance tax? I thought this was just a tax on

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Landlord insurance: what level of cover do you need?

The following guest blog is courtesy of RITA4Rent’s Insurance Partners, Endsleigh. Finding appropriate cover for your investment is a key part of being a landlord. When you first started on the property investment route, your lender will have stipulated that you purchase buildings insurance as a condition of your buy-to-let mortgage. Whilst that requirement will

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Free Record Keeping Spreadsheet Template – For Property Investors and Landlords

We are delighted to announce that our latest FREE record keeping spreadsheet template is now available.  This is for the 2015/16 tax year. Here at RITA, we strongly recommend all property investors and landlords keep complete and accurate records, and our spreadsheet is a perfect way to achieve this. There are many reasons why accurate

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A brief guide to insurance for new landlords

The following guest blog is courtesy of RITA4Rent’s Insurance Partners, Endsleigh. Many landlords who are new to letting a property don’t realise that they need specialist insurance to cover the properties they rent out. General home insurance isn’t adequate, as it doesn’t cover all third party risks that can be encountered in a let property.

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Important Let Property Campaign Update

It has come to our attention that from today (9 April 2015), HMRC now allow the 2013/14 tax year to be submitted as part of your Let Property Campaign DO2 disclosure.  Prior to today, you could only report taxable profits up to 5th April 2013 with the year ended 5th April 2014 being reported via

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