by Helen Graham | Feb 6, 2023 | Financing and Mortgages, Tax and Financing
Limited company mortgages: buy-to-let guide In 2016, tax relief on mortgage interest repayments ended. Since then, a growing number of landlords have bought buy-to-let properties as a limited company rather than an individual to try and reduce their tax bill. As of...
by Helen Graham | Feb 6, 2023 | Tax, Tax and Financing
Landlord expenses and allowances: what you can and can’t claim If you make money from renting out a property, you have to declare your profit to HMRC and pay tax on it each year. This can add up to a sizeable bill, especially for those landlords who fall into...
by Helen Graham | Feb 6, 2023 | Tax, Tax and Financing
Buy-to-let Capital Gains Tax explained As a buy-to-let landlord, you have two main methods of turning a profit from your investment: taking an income in rent, and making a profit when you sell a property that has increased in value. When you sell a rental property,...
by Helen Graham | Feb 6, 2023 | Tax, Tax and Financing
Completing your landlord tax return: a step-by-step guide If you make money from letting one or more properties, you need to declare your income and pay Income Tax on it each year. If you’ve never completed a Self-Assessment tax return before, it can seem like a...
by Helen Graham | Feb 6, 2023 | Tax, Tax and Financing
Section 24: buy-to-let tax relief rules explained The tax year 2020/21 was the first year under which the provisions of Section 24, which have been phased in slowly since 2017, finally came into full effect. These tax reforms have substantially reduced the amount of...
