Month: April 2019

Keeping records of rental income and expenses

Property Expenses

Keeping records of rental income and expenses Unless rental income is less than £1,000, landlords must declare it to HMRC and pay tax on any profit made by the property rental business. The profit can be calculated by deducting allowable expenses from rental and other income of the property business. However, where it is beneficial …

Property Expenses Read More »

Stamp-Duty guidance - SN Accountants Romford Essex

Putting property in joint name – beware a potential SDLT charge.

There are a number of scenarios in which a couple may decide to put a property which was previously in sole name into joint names. This may happen when the couple start to live together, get married or enter a civil partnership. Alternatively, it may occur if the couple take advantage of the capital gains tax no gain/no …

Putting property in joint name – beware a potential SDLT charge. Read More »

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