Restricting finance cost relief for individual landlords, S24 restriction on mortgage interest: how do I claim mortgage interest on my tax return? Published 17th February 2020; Updated September 2021 Still puzzled by the S24 restriction or finance cost relief? See the easy-to-read full explanation From 2020 the tax relief that landlords of residential properties get […]
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
UK tax compliance to get more complicated for some non-resident companies
Published 25th September 2018; Updated 15th November 2018 / April 2021 The content of this newsletter applies to non-UK companies holding UK investment property and which derive most or all of their UK income from the property. With effect from April 2020 all non-resident UK property rich companies have been subject to the full UK […]
Not filed your Tax Return yet? It is now about to get very, very expensive
Published 22nd February 2013; Updated April 2021 So just how much will you have to pay? It used to be the case that it didn’t matter if you filed your Tax Return late if there was no tax to pay because the penalty could not exceed the tax due. No longer such luxury. Now whether […]
British and own property in the EU? Read this
Published 19th December 2019; Updated April 2021 UK based owners of property situated in the EU may pay higher taxes after Brexit Several EU countries charge higher rates of tax to non-EU residents and after Brexit everyone living in the UK is in that category. For example, the Spanish rate of Income Tax on rentals jumped […]
Don’t pay twice: an introduction to Tax Treaties
Published 18th February 2019; Updated 24th April 2024 Relief for UK tax paid – an introduction to Tax Treaties and Double Taxation Conventions and how they can help you The UK has entered into a Tax Treaty with over 130 countries. The Tax Treaty between the UK and another country gives us guidance as to […]