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 […]
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
Pensions for high earners
I am a UK high earner and receive a pension: what changes have been made to the Lifetime Allowance? Published 3rd April 2023 This article applies to UK residents only. Lifetime Allowance The government announced that from 6th April 2023, the Lifetime Allowance Charge (applied where the Lifetime Allowance was exceeded) will be removed. The […]
Capital Gains Tax and the Private Residence Relief
When you sell a UK property, you may be entitled to the Private Residence Relief which will reduce the CGT payable. Published 11th February 2013; Updated April 2023 When you sell a UK property, you may be entitled to the Private Residence Relief which will reduce the CGT payable. Everyone thinks they know the rules, […]
Non-Residents: beware of changes to Capital Gains Tax
Changes to CGT for non-residents: non-resident landlords disposing of UK property: beware of changes to Capital Gains Tax (deadlines for submission of the CGT return, payment of the tax due, changing rates of tax applicable. Read on to find out more. Published 5th March 2019; Updated April 2024 The deadline to submit a Capital Gains […]
ATED: Valuation date
First published 27th March 2017; Updated 15th November 2018 / April 2023 Residential property owned by a company is potentially subject to Annual Tax on Enveloped Dwellings where the value on the valuation dates is more than £500,000 Relief from Annual Tax on Enveloped Dwellings (ATED) may be available if the use of the property […]