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If you decide to let a room in your main residence, you can receive a rental income of up to £7,500 and have no tax liability.1
If you decide to let a room in your main residence, you can receive a rental income of up to £7,500 and have no tax liability.1
We’re back to answer more tax questions and help you figure out what tax reliefs you can take advantage of. This week we’ll be answering questions on property renovations, more specifically what tax reliefs are available when selling a property that has had renovation work.
If you’ve been letting out your property for some time, you’ll know lots of things can change with your tenancies. Landlord Vision can help to keep a track of these changes and in this post, we’re showing you how.
In a recent poll, the National Association of Residential Landlords (NRLA) surveyed 162 of its members to determine how many were unashamed DIY-ers. Of those that responded, a substantial 86 percent admitted to undertaking some form of decorating or repair work on their properties, with only 14 percent relying exclusively on professionals.
Similar to but definitely not the same as Self Contained Units, HMOs seem to be where the yields are at these days. This isn’t a strategy for the faint of heart though. For most people HMOs conjure the image of students, but this kind of living arrangement is becoming a lot more popular with different demographics as you’ll soon […]
According to the law, landlords must conduct gas safety checks on their homes by a gas safe registered engineer. All of your house flues, gas heaters, stoves, and pipes have to be inspected every year so that the safety of your tenants is assured.
Time is a finite resource, so it’s no wonder that saving time is a huge concern for anyone trying to achieve complicated things… like growing a property portfolio. Given that there’s a huge amount of legislation to navigate, tenants to manage, paper trails to keep track of, it makes sense that landlords are always on the […]
In this post we will look at “Reinvestment Relief”. Numerous questions are asked about this relief and we will try to get to grips with the most common scenarios when this relief may be considered.
As we emerge from the uncertainty of the pandemic, many landlords are starting to question whether they should expand their property portfolio….
In this post, we will look at the details of how tax exemption works when it comes to a properties gardens or grounds. We will cover what pitfalls and opportunities these tax exemptions provide.
The past year has been one of hardship and challenge for landlords and the nation as a whole. Despite this, a recent survey of over 500 landlords by Simply Business found that 15% have recently bought a property or plan to buy one in the coming months.
Affectionately known as the office to resi conversion, thanks to some new legislation aimed at breathing life back into ailing business districts it is now easier than ever to take advantage of this strategy. But as with all things of this ilk, thanks to a few people abusing the strategy, it’s likely to be more regulated in the […]
When it comes to handling the taxes for your buy to let investment any loss in profit you make is handled in a specific way. In this post we’re sharing exactly how you should account for buy to let losses in the most tax efficient way.
Back in the 70’s, when I first became a landlord, I didn’t tell anyone. There wasn’t the publicity that there is now and of course no social media, but it was generally assumed that landlords were not “nice people”. In those days there was no Section 8 or Section 21, and legally removing a delinquent tenant was […]
