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 …
What do you know about holding structures? Given the current economic turmoil, we’re all keen to make sure we’re not paying over the odds. It’s never made more sense to try to keep as much money firmly in our wallets as we can. This is true across the board, be it turkeys, telephone bills or …
Join Mashroom on Friday 2nd December at 3pm to get ready for tax season and learn more about the holding structures available to landlords and find out if a limited company is right for you. Knowing about tax is key to being a successful landlord – you want to make sure you are not underpaying …
What does a landlord need to know about allowable expenses and income tax? Landlords can reduce their income tax bills by claiming back certain expenses associated with letting out their properties. However, not all expenses are allowable – i.e. accepted by the tax office – so it’s important to understand what you can and can’t …
Autumn Statement announced – here’s what it means for landlords The day of reckoning has finally arrived, and we’ve now heard from Chancellor Jeremy Hunt how the government plans to tackle the plentiful issues that face the country. As we watched, we were wondering: Will landlords finally get some relief? Do ministers grasp the issues …
Join Mashroom on Friday 18th November at 3pm to get ready for tax season and understand how much you can claim back on allowable expenses. As well as knowing the ins and outs of compliance, so that you can rent your property legally, landlords also need to be up to date with tax. You can …
