• Selling the buy-to-let property at a loss

Selling your BTL (buy-to-let) property at a loss

Many landlords are struggling due to non-payment of rent or empty properties because of the pandemic, and some landlords are now thinking about selling their buy-to-let property to help ease their financial hardship. But what happens if you sell your buy-to-let at a loss? In this blog, we go through a couple of examples to help illustrate how to deal with this scenario.

Flexible Furloughing

Flexible Furloughing

Do you know that the furlough scheme has changed? From 1 July, a grant claim can only be made if the employee was previously furloughed for at least three consecutive weeks before 1 March 2020 and 30 June 2020. We explain more in today’s blog.

Tax implications of uncommercial lets

Tax implications of uncommercial lets

Have you reduced your rent or let family and friends stay in one of your properties during the pandemic? Unfortunately, HMRC’s view of this is not so generous as you’re unlikely to be able to deduct expenses during that period.