Property Income

Trading and property allowances

May 19th 2017

New tax-free allowances for trading and property income are available for 2017/18 and later tax years. The allowances, each set at £1,000, mean that trading and/or property income no longer needs to be reported to HMRC where the income is less than £1,000 in the tax year.

Clever ways to tackle property tax

August 31st 2016

Nobody enjoys paying tax. If you own a property business or you’re looking to invest in the property market, the recent tax changes impacting the property industry could be another painful blow for you. 

Buy-to-let landlords action required - Income Tax

August 9th 2016

Buy-to-let landlords need to start considering their options, in particular, those who have borrowed heavily in order to build their property portfolio.

Summer Budget 2015 - Savers and Investors Changes

July 14th 2015

Savers and investors (including property investors)

George Osborne has presented his first Budget without regard for coalition partners. The measures he has introduced recognise the need to incentivise individuals and businesses, with the promise to balance the nation’s books and reduce debt. We have summarised below some of the more impactful changes affecting savers and investors.

Wear & Tear Allowance (WTA)

October 3rd 2014

If a property is let furnished - with sufficient furniture, furnishings and equipment for normal residential use – landlords can only claim tax relief for the furniture and equipment by way of the WTA. Prior to April 2013, landlords had the option of claiming the cost of replacement furniture instead.