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Changes to private residence relief (PRR) which have already been announced are planned to come into effect next year. You should be aware that if you rent out all or part of your home this may... read more

How can you reduce the SDLT and income tax you pay on jointly owned property rental income? If you own a property jointly with your spouse - one of you being a higher-rate taxpayer and the... read more

HMRC has confirmed that it has reviewed approximately 30,000 self-assessment returns for 2017-18 where it considers that there is a risk that its tax calculator has incorrectly computed the individual's tax liability because of a... read more

Paying your Self-Assessment Tax bill is never enjoyable, and especially so if you just don't have the cash readily available. 31 January is the date by which any arrears of tax for 2019-20 need to be... read more

While the UK’s financial landscape post-Brexit is far from certain - with attempts to secure any form of deal currently awaiting finalisation - it is possible to make some educated predictions regarding certain changes to... read more

Tax on a holiday let property is different from a standard property let and it is important to be aware of the issues: Tax Incentives There are a number of tax incentives that you can take advantage... read more

Expenses you can set-off against property rental income will need to follow the usual HMRC ruling that the costs must be incurred wholly and exclusively for the purpose of renting out the property. An example set out... read more