Take advantage of the property rental toolkit
HMRC publish a property rental toolkit which can be used to avoid making common errors when reporting income from property on the Self-Assessment tax return. …
Tax implications of failing to pay rent on a property held in a SIPP
Using a Self Invested Personal Pension (SIPP) to hold commercial property which can be rented to your personal or family company can be beneficial. Instead …
Relief for post-letting expenses
All good things come to an end, and a property rental business is no exception. However, expenses may be incurred in relation to that property …
UK and overseas property businesses
Profits arising from land or property are treated as arising from a property business. For tax purposes, profits from land and property in the UK …
Jointly owned holiday lets – Should you make a Form 17 election?
The favourable tax regime for furnished holiday lettings (FHLs) came to an end on 5 April 2025. For 2025/26 and later tax years, furnished holiday …
Enjoy £1,000 of property income tax-free
The property allowance enables individuals to enjoy property income of up to £1,000 each tax year free of tax and without the need to report …
Holiday lets – Business rates or council tax?
Landlords letting holiday accommodation may be able to pay business rates rather than council tax on their property. This will generally be cheaper, and if …
SDLT and linked transactions
Special rules apply for stamp duty land tax (SDLT) purposes where there is more than one sale and purchase between the same buyer and seller. …
Incorporating your property business
Running a property business through a limited company has become increasingly popular, not least because the rate of corporation tax paid on profits will generally …
Relief for FHL losses post April 2025
From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential lets, and residential lets and …
ATED returns for 2025/2026
The annual tax on enveloped dwellings (ATED) is a tax that is payable mostly by non-natural persons (mostly companies) owning UK residential property valued at …
Looking ahead to MTD for landlords
The way that many landlords will report details of their income and expenses to HMRC is changing from April 2026 onwards. This is when Making …
