A High Court ruling designating holiday lettings as investment property and not a business – could affect inheritance tax for 100,000 owners. In the case, HM Revenue and Customs challenged whether a bungalow, near Aldeburgh, Suffolk, was classed as a Continue reading
Claiming property business expenses to pay less tax is a problem for landlords. If you do not know what expenses to claim, don’t bother phoning the tax man to ask because he won’t tell you. If you ask for a Continue reading
Home office expenses are often overlooked as a way to cut tax bills for landlords – because many property people do not understand the rules. So here’s a home office guide that lets every landlord claim some expenses – depending Continue reading
Paying wages and salaries are tax saving costs for a private rental property rental business just like any other business – but don’t forget some key rules. The main tax trap is for private landlords paying wages to an owner Continue reading