Login

HMRC Publish Details Of Wear And Tear Tax Changes


Tuesday, July 28, 2015

HMRC Introduce Replacement Furniture Relief To Supersede Wear And Tear Allowance HM Revenue and Customs, (HMRC), have finally announced the scope of the proposed amendments to the wear and tear tax allowance for landlords of rental properties, outlined in the post election budget by Chancellor George Osborne. At the 2015 Summer Budget the Government confirmed [...]


| | Comments Off

Mortgage Market Review Already Causing Problems


Thursday, May 15, 2014

Mortgage Market Review Slowing Down Mortgage Approvals The introduction by lenders of the Mortgage Market Review is the biggest regulatory restructuring that the UK mortgage market has seen in recent years and is intended to test the continued affordability of borrowers. It’s introduction was intended to protect customers from over stretching their financial commitments in [...]


| | Comments Off

HMRC Target Landlords Over Holiday Lettings


Thursday, August 29, 2013

Landlords risk being fined by HMRC over holiday lets Landlords and second property owners who have chosen to rent out homes as short term holiday lets could face the wrath of Her Majesties Revenue and Customs if they fail to declare their income from property. The number of people renting out property as a holiday [...]


| | Comments Off

HMRC Deadline Looms for Landlords


Thursday, January 24, 2013

Tax Year Deadline is 31st January 2013 Despite all the awareness campaigns and TV advertising, Her Majesties Revenue & Customs (HMRC) repeatedly attempt to tell us that completing a self assessment tax return doesn’t have to be taxing! However, as anyone who has ever completed a self assessment tax return will tell you, the evaluation [...]


| | Comments Off

Thousands Of Buy-To-Let Landlords Could Be Sat On A Tax Time-Bomb!


Wednesday, March 28, 2012

The 2012 Budget may have affected a small number of millionaires using offshore companies to avoid Stamp Duty, but, accountants say thousands of buy-to-let landlords could be sitting on a “tax timebomb”. Many UK landlords now face paying two years tax liabilities during the next six months, creating a cashflow crisis after years of lightly-taxed [...]


| | Comments Off

The UK Property Market – Some Good News!


Monday, February 27, 2012

Figures from a variety of trusted and respected sources offered a tentative boost for the UK property market as mortgage approvals, first time buyer numbers and residential property sales all increased during January. Data gathered from the Council of Mortgage Lenders (CML), British Bankers’ Association (BBA), National Association of Estate Agents (NAEA) and HM Revenue [...]


| | Comments Off