Buy To Let property expenses

Some accounting tips

Furnished holiday lettings

Furnished holiday lettings

Furnished holiday lettings offer a number of tax advantages over longer lets. But are you taking advantage of all the tax reliefs available? Read today’s blog as we work through some common examples to illustrate the process.
#HolidayHome #AirBnb

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Extracting Profits from property company

Extracting profits from a property company

Today’s blog covers the best ways to extract profits from a property company this tax year. If you need to utilise the profits outside of your property company it is wise to plan this in advance to make sure you are being as tax efficient as possible.
#Landlord #TaxPlanning #PropertyInvestor

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Capital Gains Tax

Beware the capital gains tax connected person rules

Don’t get caught out – if you transfer assets, normally property, to someone deemed as a ‘connected person’ you might receive an unwelcome tax bill even if you’ve not received a penny for the transfer. We go through a case study to demonstrate how this tax trap works.

#TaxBill #CGT #Landlord

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Nil Rate Band

Residence nil rate band frozen until April 2026

With the residence nil rate band being frozen until 2026, if you have a high value estate in the family it might be worth planning ahead to make sure you reduce the inheritance tax bill. Our latest blog explains more. #InheritanceTax #TaxPlanning

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SDLT Threshold Increase

Temporary increase in SDLT residential property threshold

The stamp duty increased threshold has been extended until 30 September 2021, with the most favourable increases ending on 30 June 2021. While house sales are taking longer than average, you should still have time to take advantage of the savings.

There’s still time to save on stamp duty tax if your house purchase completes by 30 September 2021. #StampDuty #PropertyMarket

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