The residence nil rate band was introduced in April 2017 to provide additional relief from inheritance tax (IHT) when your home is left to your children or other direct descendants. The intention was to counter the fact that property values have increased significantly since the nil rate band was raised to its current level, £325,000, […]
The VAT Flat Rate scheme is intended to offer businesses a simpler way to calculate their VAT liability.
If you own one or more furnished holiday lets then the coronavirus pandemic will certainly have had a negative impact on bookings during 2020/21 and possibly 2021/22. It’s unlikely that the availability and occupation tests will be met, so will the property still qualify as a furnished holiday let? The good news is that yes, […]
The tax landscape for buy-to-let property investors has changed significantly in recent years, and unfortunately not for the better.
Research by Countrywide agency, Hamptons, shows that a record number of limited companies were set up to hold buy-to-let properties in 2020. This was the second most common type of business to incorporate, only beaten by companies selling goods online or by mail order.
So, is now the time for you to think of incorporating your buy-to-let business?
