Autumn Budget 2024: key points at a glance: The UK Budget is that occasion each year (and sometimes twice in a year) when the UK government outlines the extra money it needs and how it is going to spend it. Changes to the tax rules are what interest us here. The Budget of 30th October […]
Category: Letting
End of the Furnished Holiday Letting regime
The end of the Furnished Holiday Letting (FHL) tax regime on 5th April 2025: With effect from 6th April 2025, all Furnished Holiday Lettings will be treated the same as any other residential letting business and all the benefits of an FHL will disappear. In the notes below we describe the transitional arrangements. After 5th […]
Labour’s upcoming Budget and what it means for property investors
What changes will the Budget bring to property tax? As the UK anticipates the release of the first Budget of this Labour government, landlords are paying close attention to potential policy shifts that could significantly impact the housing market. Understanding the likely proposals and preparing for them will be crucial for property investors looking to […]
What to expect from the new Labour government
What tax changes should we expect under the newly elected Labour government? Significant policy shifts are on the horizon, particularly in the area of housing and property investment Published 30th July 2024 As the newly elected Labour government settles into office, significant policy shifts are on the horizon, particularly in the area of housing and […]
Replacement of furnishings and equipment
UK property letting: what replacement can you claim on your UK tax return? Read our simple guide to find out Published 31st March 2017; Updated 8th March 2024 Replacement of Domestic Items Relief This relief provides a deduction for the cost of replacing items of furniture or equipment when computing the taxable profit, subject to […]