Tax certainly isn’t the most exciting thing in the world. Nor does anyone like to pay for it. But unfortunately, everyone must. As they say, there are two certainties in life: death and taxes. As a landlord, you need to pay tax on the earnings you make from renting, but it can be overwhelming not …
Introduction Naveen Jaspal (NJ): So, thank you all for joining us today. We hope you find today really useful. So first of all to introduce us, you can currently see on the screen our pre-lockdown photos, and shortly we will have our cameras on and you’ll be able to see us all and the consequences …
The spring budget took place today, with Chancellor of the Exquisitor Rishi Sunak announcing an extension to the stamp duty holiday. It means some 300,000-plus sales should now go through without a hitch, with many people (including investors) breathing a sigh of relief. The extension of the stamp duty holiday is undoubtedly good news, and …
Landlords have a number of strict responsibilities they need to adhere to, with one of the more important ones centring around the process of taxation. It can be frustrating as a landlord to be subject to changing tax rules and regulations requiring a landlord to pay increasingly higher tax rates as landlord tax relief is …
When setting out to acquire a property as an investment or not as your main residence, one of the avenues you could explore is the buy-to-let property market. This will however include a different set of taxes than other properties and so it is important to understand exactly what taxes are involved and what additional …
Dear Rishi Sunak, As a company dedicated to serving landlords, we can’t help but feel that your plans to reform Capital Gains Tax will leave many feeling the pinch, despite the fact they have served the housing market so well. While we understand that the unprecedented coronavirus pandemic has left the Government looking for ways …
For many landlords, the Chancellor of the Exquisitor, Rishi Sunak, could go from hero to zero. The Government needs to find ways to claw back some much-needed money in the wake of coronavirus spending, and it seems that Capital Gains Tax (CGT) is in the Chancellor’s sights. A report from the Government’s tax advisors, The …
Tax isn’t exactly the most exciting topic in the world, but as a landlord, understanding your tax responsibilities is pretty important. Of course, not all tax is created the same, and this particular guide will help you navigate the intricate details of Capital Gains Tax (CGT). So, if you’re looking for more information on Capital …
The stamp duty holiday announced by Chancellor of the Exchequer Rishi Sunak in July comes to an end in March. That may seem like a while away, but with house sales taking an average of 90 days, the clock is ticking. You can still meet the stamp duty deadline, though, which is great if you …
Buying a rental property is often regarded as one of the safest ways to invest in the UK. It’s also one of the least intimidating — if you’re unfamiliar with stocks and bonds, physical bricks and mortar is a good option. However, you will likely have to pay tax on your rental income profit – …
