Impact of increase in SDLT supplement
Despite the shortage in rental accommodation, investment in residential property is out of favour. In her Autumn Budget, the Chancellor increased the cost of buying …
Time to sell the investment property?
One of the few pleasant surprises in the Autumn 2024 Budget was that the Chancellor did not increase the rate of capital gains tax on …
Maximise BADR on sale of the FHL
The favourable tax rules that apply to furnished holiday lettings (FHL) come to an end on 5 April 2025. For many landlords, this may be …
Move back into a former home prior to sale to maximise PRR
Where a property has at some point been used as a main residence, certain periods of absence are, in some cases, treated as periods of …
Property Ownership: What Matters and Why
Under English property law, property ownership can be held jointly as joint tenants or tenants in common. The method of ownership can affect tax implications …
Selling House vs. Garden: Why Order Matters
Selling a residence and part of the garden or land separately may be desirable in certain circumstances. Where this is on the cards, it is …
Start of a property rental business
A property rental business will have a start date, and it is important to know when this is. A landlord will normally undertake some preparatory …
Using a property company for FHL
The current tax regime for furnished holiday lettings (FHL) has several advantages, including the ability to deduct interest and finance costs in full when calculating …
UK tax treatment of rent from overseas properties
A person who is resident and domiciled in the UK is liable to UK tax on rent from overseas properties. Consequently, if they have overseas …
Utilising loss from property rental business
Where a landlord makes a loss on their property rental business, the options for using that loss are limited. The rules depend on whether the …
End of the FHL regime and transitional rules
Landlords with furnished holiday lettings (FHLs) currently enjoy favourable tax advantages compared to those letting residential property on longer-term lets. However, these advantages are to …
Treating tenants’ deposits correctly for tax purposes
It is usual for a landlord to require a deposit from a tenant as security against damage to the property. This cannot be more than …
