by Mubashir | Sep 6, 2018 | Accounting Issues, Landlord, Motor Vehicle
Landlords in the UK with an unincorporated property business can claim mileage rates to reduce the tax on property. The mileage claim is in the form of a deduction in transport expense, which can be used as an alternative to capital allowances based on actual costs...
by Mubashir | Sep 6, 2018 | Accounting Issues, Landlord
The steady increase in house prices in the UK have made owning a property increasingly difficulty. That’s why a lot of individuals are jointly owning properties to earn rental income. Rental incomes are subject to tax, and this Due to rising house prices, joint...
by Mubashir | Jul 11, 2018 | Landlord
Individuals and companies who own properties across the UK can benefit from hiring specialized property accountants. There are many reasons why housing associations, developers, letting agents, and property owners should hire landlord accountants. Seeking the advice...
by Mubashir | Apr 2, 2018 | Budgets & Other, Landlord, Limited Company, Payroll & PAYE, Personal Tax
Income Tax Rates and Bands Recent income tax rates and bands are as follows: 2015/16 2016/17 2017/18 Savings rate: 10%, 0% from 2015/16 0 – £5,000 0- £5,000 0- £5,000 Dividend Allowance: 20% NA 0 – £5,000 0 – £5,000 Basic rate: 20% 0 – £31,785...
by Mubashir | Feb 19, 2018 | Landlord, Limited Company
Using a Limited Company to Save Property Tax The analysis of whether it is beneficial for a property investor to use a limited company can be complex and this helpsheet aims to identify some of the key advantages in considering a limited company for this purpose. Any...
by Mubashir | Jan 29, 2018 | Landlord, Misc
A Guide to Stamp Duties There are three types of Stamp Duty: Stamp Duty Land Tax (SDLT) – which applies to land transactions Stamp Duty Reserve Tax (SDRT) – which applies to sales of securities on the stock market; and Stamp Duty – which applies to...