How To Beat Section24 And Save Tax

The hot topic in recent times for a lot of landlords has certainly been Section24.  When the changes were initially announced, the one small comfort was that the changes were still a long way off, with plenty of time to plan.  But, time moves fast, and when landlords began completing their 2017/18 tax returns last

Read More

Top Ten Ways to Reduce Your Inheritance Tax Bill

Inheritance Tax (IHT) tends to be a subject that most people do not care to dwell on for obvious reasons, and it is surprising how many people do not think their estates will need to pay IHT. However, currently, the following allowances, (nil rate bands) are applicable for IHT purposes: Standard Allowance        £325,000 Residence allowance     

Read More

A to Z of CGT – The Basics of Capital Gains Tax

With Section 24 the hot topic for landlords in recent times, many landlords have been considering their options.  Whilst there are possible ways to mitigate the changes, some landlords have come to the conclusion that they wish to sell their properties.  This can however attract further tax as you would be exposed to the Capital

Read More

7 Deadly Sins (Of Tax!) And How To Mitigate Future Problems

In this blog, we look at 7 tax “sins” and explore the best way to mitigate any future problems. Splitting rental income incorrectly Spouses who jointly own property need to take great care when splitting their rental income between them on their tax returns. If you jointly own a rental property with a spouse, apart

Read More

Cash Basis – What Does It Mean For Landlords?

Historically, individuals have been required to calculate their rental profits using what is known as an “accruals” basis. However, from 6th April 2017, for many individuals, the standard basis to use has changed to being what is known as the cash basis. This article examines the differences between the two, and to help you decide

Read More

Section 24 & Capital Gains Tax implications facing landlords

In this post, RITA4Rent, in collaboration with Bamboo Auctions, explore the Capital Gains Tax implications on selling your investment property, should Section 24 result in property investment no longer being viable.  If you want to sell your property, have you considered using an online auction? Bamboo Auctions is an online property auction marketplace. They partner

Read More

Strategies to combat rising costs

This blog feature has been written by Bamboo Auctions. Over recent months, Bamboo Auctions has been working with a number of organisations as part of a campaign to introduce its landlord members to the benefits of online auctions. We believe that auctions are a highly efficient method of sale, but remain heavily underused. Through technology

Read More

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

Read More

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

Read More

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

Read More

Archives