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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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 Reminder – LESA

Today RITA4Rent, property tax specialists, are blogging with a brief reminder that the Landlord’s Energy Savings Allowance is nearing the end, and the costs must be incurred before 1 April 2015. You may be able claim up to £1,500 per property, and thus, if you hold a number of properties with relevant expenditure, then the

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Form 17

Today’s blog explores Form 17 declarations and the tax treatment of jointly held property of married couples and civil partnerships. There are potential tax planning opportunities where one spouse or civil partner pays tax at the higher rate, and the other does not, and therefore it can be of benefit to have the allocation of rental

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Tax breaks for landlords…and penalties

A recent report published by the Chartered Institute of Housing and the Resolution Foundation, which RITA4Rent provided input as acknowledged, recommends a reviewed set of minimum standards, with regulation ensuring that “accredited” landlords benefit from more favourable tax breaks, whilst those “unaccredited” suffering as a result.  The full report is available to read here. Simply Business reported on

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Landlords Named and Shamed

The HMRC Let Property Campaign continues to intensify, and whilst tranch after tranch of letters go out to landlords with undeclared rental profits, HMRC have named and shamed a number of landlords on their website.  It serves as a reminder that HMRC will do everything in their power to recoup the tax it is owed on

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Landlord Tax Tip #4: How to delay paying tax at 40%

Today we launch Landlord Tax Tip  number 4, which explores a simple mechanism.  This shows how you can delay paying tax at the higher rate of 40%. The example in the video below, explains the effect of making an additional AVC pension contribution to ensure that more of your taxable income is exposed to the

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Landlord’s Energy Saving Allowance

Landlord tax advisors RITA4Rent blog today on the Landlord’s Energy Saving Allowance.  This is video tax tip number 3 in our series, and please see below for the video. Landlords Energy Savings Allowance (LESA) is an invaluable tax saving which can be claimed for by landlords against their rental income, allowing an offset of up

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My Wife Wants A Brazilian, again…

In part 2 of our World Cup property and landlord tax blog – My Wife Wants A Brazilian – we explore the final countries who make up the final 4 quarter final places and how they relate to the property tax system. Part 1 is available on the Property Tribes    Argentina   Hmmm, Argentina. 

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