Latest Blogs in Property
Paul Jefferson
27th November 2023 DIY Housebuilders Claims Go Digital: 5 Dec 23

Individuals building their own home can submit their DIY housebuilders VAT refund claim digitally from 5 December 2023. The time limit for such a claim will also been extended to six months after completion of the build.   The VAT DIY housebuilders scheme gives DIY homebuilders the ability to reclaim the VAT they pay on building materials…

Mike Blackledge
10th August 2023 Property Newsletter: Issue 3

Capital allowances can be claimed by landlords’ expenditure on “plant and machinery” which can reduce your profits and indeed create losses, the use of such is not covered here, but they can certainly be very beneficial.   The property in question is important and will determine the allowances that can be claimed and at what…

Nick Edgley
21st June 2023 Airbnb hand over ‘goldmine’ of hosts’ data to HMRC. Are you at risk?

Airbnb has been forced to share users’ income details with HM Revenue & Customs (HMRC) according to widespread reports in the press. It is part of a crackdown on holiday let owners who fail to declare their incomes and to help HMRC identify people who owe tax. If you have not already declared any rental…

Charlie Whittle
10th May 2023 In year ATED filing deadlines: Reminder

Now that the 30 April 2023 Annual Tax on Enveloped Dwellings (ATED) filing deadline has passed, it is important to remember that additional returns may need to be submitted to HMRC during the ATED chargeable period, which runs from 1 April 2023 to 31 March 2024. The most common events which cause this are explained…

Rob Dedman
9th May 2023 Taxes: Honesty is the best policy

Whether you are self-employed, run a business, are a property landlord, an investor or have overseas income and gains, mistakes can occur when dealing with your taxes, reporting and making the relevant disclosures to HM Revenue and Customs (HMRC).   Whilst the idea of making mistakes and errors can be worrying and of concern, so…

Ian Piper
3rd May 2023 Tax traps: Beware

With the UK tax system as complicated as ever, there are certain rules which we come across that can very easily give a particularly unexpected (and unpleasant) consequence. Income Tax When either parent has taxable earnings over £50k (after personal pension contributions), entitlement to child benefit is reduced. As higher rate income tax starts at…

Mike Blackledge
19th April 2023 Property Matters Newsletter: Issue 2

Plan and reflect or reflect and plan? The first few months of the year generally allow for a reflection on the previous year and then planning ahead for the current year, however planning ahead this year looks like it could be even more difficult than normal.   House prices are growing, albeit slowly, mortgage rates…

Shamus Chaplin
14th April 2023 Residential Property Finance Cost Relief

It’s commonly known that, following changes introduced gradually from 2017/18, the method by which finance interest is relieved has changed dramatically. No longer can interest be deducted in full when calculating rental profits; instead, relief is provided by way of a 20% tax reducer.   With the recent increases in loan interest rates and the…

Richard Alecock
11th April 2023 VAT DIY Housebuilders Scheme: Deadline to be extended

Are you building a new home in which you will live?   Perhaps converting an existing building into a home?   You may be able to get the VAT back – you don’t even need to be VAT registered!   When you purchase a brand new house from a property developer you will not be…

Jodie Pheby
8th March 2023 1-Apr: Is your let commercial property EPC compliant?

Owners of commercial properties that do not have an Energy Performance Certificate (EPC) rating of ‘A’ to ‘E’ will need to carry out sufficient works to urgently improve the rating before 1 April 2023, unless specifically exempt. Whilst not directly tax or accountancy related, this change is affecting a lot of landlord clients. The current…