moira stuart

New HMRC tax guidance on rental income

Don't get too excited, but word has reached us here at Upad Towers that new guidance has been released by Her Majesty's Revenue and Customs (HMRC) related to taxation on income from property. The new information is published in the Trusts, Settlements & Estates Manual (TSEM) at TSEM9000 to 9978. We're reliably informed that much of the recently released information is absolutely new, has... Read more

Posted by Dan @ Upad on September 2nd, 2011 in Landlord Tax, Legal, Property Rental

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Pound Coins

Tax tips for new landlords

When you’re letting a property for the first time, there are plenty of things you need to know about. One thing that you mustn't forget is the thorny issue of tax. If you’re embarking upon the landlord game for the first time, you are well advised to have a conversation with an accountant and understand what your responsibilities are and how you can minimise your tax liabilities. But here... Read more

Posted by Dan @ Upad on February 8th, 2011 in Landlord Tax, Property Rental

lagging

Are you claiming your Landlords Energy Saving Allowance?

You don’t get much in this world for free. And whilst the Landlord’s Energy Saving Allowance (LESA) isn’t that elusive free lunch that Milton Friedman tells us doesn’t exist, it is a useful tax allowance available to landlords who are undertaking property improvements. That’s right. It’s a little tax break for landlords who have taken steps to improve the energy efficiency of property... Read more

Posted by Dan @ Upad on September 28th, 2010 in Energy Saving, Landlord Legislation, Landlord Tax

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Tax tips for landlords

It's that time of year again, with Moira Stewart lurking under the stairs to tell us that tax doesn't have to be taxing. But all over Britain, landlords are frowning at those endless forms, and wishing they'd go away. We can't make them do that, but here are a few tips to help landlords towards a more pleasant January. If you're intending to file your return online, you'll need to be... Read more

Posted by Sue @ Upad on January 18th, 2010 in Landlord Tax, Property Rental, Tips for New Landlords

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