If you are due a tax refund from HMRC because of an overpayment you have made to them, don’t leave it too late to claim your money back: HMRC may not refund you! HMRC says the taxpayer must make the overpayment relief claim within four years of the end of the relevant tax year or […]
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
Emails offering tax refunds are fraudulent
The email you have received purporting to be from HMRC owing you a tax refund is a scam. Many clients ask us about emails they have received offering refunds of tax. They are all fraudulent scams. HMRC only informs you about tax refunds through the post or through your pay via your employer. All emails, […]
Property Income Allowance
The £1,000 Property Income Allowance deduction: is it worth it? The Property Income Allowance is available from April 2017 and is an allowance of £1,000 that may be used instead of the normal or usual method of calculating deductions from rents, etc. It will only be of benefit to those with very low outgoings. Published […]
Who you should tell about your UK income
If you are a non-resident landlord, the way you are taxed will depend on the Tax Treaty between the UK and the country in which you reside. If you have income arising in a country of which you are neither resident nor a citizen, that country will have the first right to tax that income. […]