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: Tax
Tax accountants for UK landlords: we deal with taxation for landlords in the UK. How is the tax on your property rental income worked out? UK based accountants will calculate your UK tax liability. Contact us today: info@landlordstax.co.uk
Reform of the “non-dom” regime
The non-dom regime is set to end on 5th April 2025 – what does this mean? Residency and domicile are two separate, and quite different, legal concepts, with quite different effects. Domicile ceases to be relevant for UK tax purposes after 5th April 2025, but some transitional relief is available. Aspects of UK tax for which domicile was relevant […]
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 […]
Returning to the UK? Here are 7 nasty surprises you might want to avoid
Been living abroad and are thinking of moving back to the UK? Here are a few nasty surprises you might want to avoid. Every year about 60,000 people return to the UK, having lived abroad for several years. If you are planning to return, here are some surprises to avoid: Charges on importing your belongings […]