Blog
The SDLT supplement and changing your main residence
The SDLT supplement does not apply where a taxpayer exchanges their main home, even if they have two or more residential properties. Read this article to find out more and how to claim a refund if the new residence is purchased before the old one is sold.
VAT and DIY housebuilders
DIY housebuilders can reclaim the VAT on building materials that they buy and which are used in the construction of their home. Read this article to find out when a claim can be made and how.
Which home is the main residence?
Where a taxpayer or a married couple or civil partners have more than one residence they can choose which is their main residence for capital gains tax purposes. Read this article to find when a nomination must be made and when it can be varied.
Should I sell before the end of the FHL regime?
Furnished holiday lettings currently benefit from a number of capital gains tax reliefs. Read this article to find out whether it would be advantageous to dispose of your FHL before the favourable tax regime comes to an end on 5 April 2025.
Relief for replacement domestic items
Read this article to find out when you can deduct the cost of replacement domestic items in a residential let in calculating the profits of the property business.
HMRC revise stance on replacement boilers
HMRC have revised their view on the tax treatment of boiler upgrades. Read this article to find out what you need to do if you are now entitled to tax relief for the cost of a boiler upgrade.
Which home is the main residence?
Where a taxpayer or a married couple or civil partners have more than one residence they can choose which is their main residence for capital gains tax purposes. Read this article to find when a nomination must be made and when it can be varied.
Inflationary gains and the CGT trap
There is no capital gains tax relief for inflationary gains. This can trigger a high capital gains tax bill on the sale of an investment property which has been owned a long time. Read this article to find out why.
Boost your income by letting out your spare room
The rent-a-room scheme allows you to earn up to £7,500 tax free each year by letting furnished accommodation in your main home. Read this article to find out how you can benefit.
Calculating the capital gain on the sale of an investment property
In calculating the capital gain or loss on the sale of an investment property you can deduct allowable costs. Read this article to find out what costs can be deducted.
Releasing equity from a buy-to-let: Watchpoints
Read this article to find out about the tax implications of releasing equity from your buy-to-let #interestrelief
Rebuild your pension pot with rental income
Rent paid to a SIPP does not count towards the annual allowance or MPAA. Read this article to find out how this can help you rebuild your pension pot after making withdrawals having reached age 55.
Make use of simplified expenses
If you run your unincorporated property business from home, you can use simplified expenses to calculate how much to deduct in respect of additional household costs incurred as a result. Read this article to find out more.
Giving away the family home – beware the gifts with reservation rules
You might think gifting your family home to a family member before your death helps them avoid paying inheritance tax, but there are pitfalls some of which we explore in this article. #inheritancetax #propertytax
Use the property allowance to make tax-free income from renting your drive
Read this article to find out how to benefit from the property allowance to earn tax-free income from renting your drive. #propertyallowance
Undertaking work on a rental property while empty – can you deduct the costs?
Can you claim tax relief for any work you do on your empty rental property? In this article we provide answers. #landlord #propertytax
What qualifies for private residence relief?
Private residence relief shelters any gain on the sale of your home from CGT. This article explains when the relief applies. #ppr #pprrelief
CGT on residential property gains – are you aware of the 60-day limit?
Read this article to find out when you need to report residential capital gains and pay the associated tax #60daylimit #cgt #residentialgains
Different lets, different tax rules
Find out about the differences in the way traditional residential lets and holiday lets are taxed. #FHL #propertytax
Managed lets – is VAT due on recharged expenses
Read this article to find out whether a letting agent needs to charge VAT on costs passed on to landlords. #disbursements #recharges #VAT