SDLT and uninhabitable dwellings In a recent Agent Update, HMRC announced that they have received a high number of claims for refunds of...

Option to Tax is a frequently misunderstood VAT topic. Opting to tax land and buildings can be beneficial in many cases, but there are...

If you are considering incorporating your property business, one of the considerations should be Annual Tax on Enveloped Dwellings...

Furnished Holiday Lettings: What do we know now? On 18 August 2024, the government published draft legislation that will abolish the...

The recent uncertainty surrounding the proposed abolition of Furnished Holiday Lettings has led to property landlords considering whether...

Furnished Holiday Lettings (FHLs) owners are able to claim capital allowances in respect of furniture, fixtures, fittings and integral...

Whilst many know that there is an effective 3% stamp duty land tax (SDLT) surcharge for those buying an additional property, the rules...

HMRC’s Let Property Campaign aims to give landlords with undisclosed property income a chance to get their tax affairs up to date in a...

The VAT treatment of supplies of land and property is a complex area and, due to the high values of typical property transactions, it is...

This factsheet considers the impact of allowing longer term lets (more than 28 days) in your holiday property. Furnished holiday lettings...

Cost Value Reconciliations For those in the construction sector, calculating the amount of income to report in your accounts in respect...

When transferring property, the first tax that springs to mind is capital gains tax (CGT), but stamp duty land tax (SDLT) is another...

This factsheet explores the tax implications of property being jointly owned by spouses or those in a civil partnership. Jointly held...

A recent HMRC publication and a huge amount of discussion in the tax and property press has brought tax avoidance schemes into the...

Holiday lets are a great investment and offer several benefits including Capital Gains Tax relief and capital allowances for furniture...

In a recent case between Sonder Europe Ltd and HMRC, the First Tier Tribunal ruled that supplies of leased apartments that were then let...

This factsheet covers capital gains tax (CGT) reporting requirements for both UK residents and non-UK residents who sell land and...

After several delays, The Renters Reform Bill was introduced to Parliament on 17 May 2023. A White Paper, published in June 2022, set out...

This is a relatively new strategy for residential property, although it has been used for many years in commercial property and property...

In this fact sheet, we’ll outline how Making Tax Digital (MTD) for income tax self assessment (ITSA) affects landlords. We’ll also...