Furnished residential lets vs Furnished Holiday Lets – The tax situation
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.
Read more...14 May 2024
Property
27 Feb 2024
Short-term let owners to face new planning permission requirements
For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees and penalties for non-compliance.
Read more...18 Jan 2024
The growing role of the ‘Bank of Mum and Dad’ in property purchases
In recent years, the ‘Bank of Mum and Dad’ has become an increasingly vital resource for first-time property buyers. Recent research by the Institute of Fiscal Studies (IFS) has revealed that half of first-time buyers now rely on financial support from their parents to secure deposits for property purchases. The average financial assistance provided by […]
Read more...6 Dec 2023
Understanding Capital Gains Tax on property investments
Investing in property can be a lucrative venture, but it’s essential to understand the implications of Capital Gains Tax (CGT) on these investments to protect your investments from unexpected costs.
Read more...12 Jun 2023
Pensions vs property investment: A combined approach
Any sustainable retirement plan should have redundancies built into it. That is why many savers choose to not only invest money into their pension but also property as well. Recent research shows that the number of people intending to use property to provide a retirement income is on the rise. However, many of the advantages […]
Read more...23 May 2023
Landlords should bring UK tax affairs up to date before Renters Reform Bill is enforced in law
The Government is looking to introduce the Renters Reform Bill, which if made law, will be the biggest shake-up to housing laws in forty years.
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