by AJN Accountants | Jul 8, 2020 | Accounting, Advice, Landlords, News, Property, Tax planning
Read this blog post to find out more information on when cash basis applies. You may have heard about the cash basis – this is a very simplified way of accounting for profit, money in and money out. There is no need to be concerned with debtors or creditors and...
by AJN Accountants | Apr 9, 2019 | Accounting, Advice, Business, Financial planning, Landlords, News
If you are reading this as a residential landlord you’ll be acutely aware that HMRC is reducing tax relief on interest you pay on loans used to buy properties to let. Transferring a let property to a company is one way to avoid the reduction of tax relief as the...
by AJN Accountants | Feb 26, 2019 | Accounting, Advice, FAQs, Financial planning, Landlords, Property, Tax planning
The level of profit generated by a rental portfolio is what determines whether a landlord has to complete a tax return. Read on to find out HMRC’s guidance on the topic. Whether or not a landlord needs to complete a tax return would depend on the level of...
by AJN Accountants | Feb 19, 2019 | Accounting, Advice, Landlords, News, Property, Tax planning
A couple of measures which should be well known by now, were introduced in the budget last year which will adversely affect landlords and taxes payable. Read on to find out more. Recent budgets have felt as though they’ve been designed to attack landlords and...
by AJN Accountants | Nov 13, 2018 | Accounting, Advice, Landlords, News, Property, Tax planning
The government has dropped plans to introduce a shared occupancy test to qualify for rent-a-room tax relief, confirmed in the Budget 2018 delivered by the Chancellor, Philip Hammond. Following on from our recent blog, which you can find here, the plans to introduce a...