What do investigations entail and what are the common errors you should avoid? As landlords, we hear a lot about tax, because, frankly, it’s a large and unavoidable elephant in the rental room. However, what’s rarely mentioned is what happens when it all goes wrong – which sadly, it does occasionally! Whether a blip in …
When you do your taxes, have you ever thought about what might happen if HMRC looked into your latest tax return? It’s not easy to find anyone who relishes doing their accounts. It’s hardly a pastime that many of us look forward to sitting down and cracking on with. But, unfortunately completing HMRC’s requirements is …
Should landlords be utilising limited companies? Landlording is a funny old business. You may start out as an accidental landlord or go into it with a deliberate plan to become a property mogul. But however you plan to make your millions, one thing is for sure, structuring your business right is as important as the …
The Spring 2023 Budget: What’s in it for landlords? The Budget got everyone talking, with the Chancellor Jeremy Hunt delivering his red-box briefing to a packed house. But did any of it have any sway on life for landlords? If you are a landlord with a young child, there was probably plenty in it to …
It’s not great news for landlords or anyone else hoping for a tax cut anytime soon. Chancellor of the Exchequer, Jeremy Hunt, or the guy who does money stuff for the country as you may know him, recently delivered a speech regarding the economy’s future. Unfortunately, it’s not the news that landlords would have hoped …
Landlord Tax: 3 Dos and 3 Don’ts you Can’t Afford to Miss Anyone paying attention to the past six or so years knows this much: things change. Yet, to paraphrase a very old saying, taxes aren’t going anywhere. Sometimes, you fall into being a landlord. Sometimes, you dip a toe in and your portfolio grows …
Landlord petition calling for the reverse of Section 24 forces government response In 2015, then-Chancellor George Osborne sent shockwaves through the buy-to-let market when he announced the gradual phasing out of mortgage interest relief. Fast forward to 2023, and a petition calling for the reverse of those changes has now reached the required 10,000 signatures …
Making Tax Digital is coming, but did you know about the recent updates to the scheme? It’s understandable if you’ve missed the latest updates, after a Christmas break of family gatherings, presents and losing track of which day of the week it is, getting back into a working routine is hard, let alone catching up …
Prepping Pays Off: How to save on your tax Ah, a less expensive 2023 – wouldn’t that be good?! When it comes to tax planning, there are always opportunities to save money. But what are they, and how do you know which ones are best for you? Whether you’re a novice or veteran, get ready …
Join Mashroom on Friday 16th December at 3pm to get ready for tax season and learn more about the planning opportunities available to you. Knowing about tax is key to being a successful landlord – you want to make sure you are not underpaying and risking fines or overpaying. But tax is a complex and …
