Good bookkeeping is as important for landlords as it is for any other business owner. Without thorough, accurate financial records, you can’t possibly build up a realistic overview of what’s happening in your business. It’s essential for monitoring performance, planning ahead to manage your cash flow, and dealing with the challenges of HMRC.
As a trader in property, the land or properties you buy for development and/or resale are your trading stock or work-in-progress. In this post, we look at how to make the most of your property development by learning the most tax efficient way to handle your trading stock.
Landlords and leaseholders find themselves stuck in a frustrating limbo, as the government and trade organisations lock horns over the requirement for leaseholders to provide an up-to-date EWS1 form when a property is valued.
So, we’ve previously looked at what you should do before finding and accepting a tenant to live in your rental property. In this post we’re going to be listing all of the things you need to do before you hand over those keys and your tenant officially moves in.
Do I need an EPC for my HMO? THAT HAS BECOME A VERY IMPORTANT QUESTION. The colder it becomes the more I think about the need to get rented properties up to a C. I always begin planning when new regulations are mentioned and 2025 will soon come around. In the meantime, investigating the options […]
Water damage may happen when you least expect it. With this, it is essential to be prepared for the scenario and the potential damage it may inflict on your property. Having a damp proof course or DPC is the best way to protect your property.
As the end of the year approaches, we want to take the opportunity to encourage you to have a break. Take some downtime, relax, spend time with your family and recharge your batteries. It’s difficult to do that if you’ve got outstanding things to deal with, especially if they are things you should have done […]
Throughout 2021, Landlord Vision has continued to cement its place as the UK’s foremost property management software for landlords. With a burgeoning user base and over 38,000 tenancies managed in the software up and down the country, we are well placed to understand and serve the UK’s private rental market. With this in mind, we have compiled the results from […]
In part 2 of tax tips for trading in property, we will be covering why you might run your property through a limited company, property accounts and records, and the Construction Industry Scheme otherwise known as the CIS.
So, we’ve looked at what you should do before finding a tenant to live in your rental property. In this post we’re going delving into a checklist of things you need to do in between finding a tenant and accepting them.
The whole purpose of tax planning is to save you tax and to put more profits in your pocket. That is why people are always looking at ways of beating the taxman, because they benefit from tax planning.
Landlords throughout the British Isles face a consistent and incessant public relations battle. Ever the easy target for print media and disgruntled agitators, our industry faces a seemingly never-ending headwind of new regulations. Unfortunately, much of this is driven by negative public caricatures and a misunderstanding of the services landlords provide. However, our industry is also […]
When deciding to rent out your property it can be easy to imagine that your future tenants will be noble custodians, diligently looking after the space, paying rent on time and being respectful to neighbours and the environment.
Looking to buy a freehold flat? There can be a lot to think about when it comes to these kinds of properties, so making sure you know what you’re buying before you put down any money is vital.
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