Tax

Council Tax

Who Should Pay Council Tax On A Property

Last Updated: 09/08/2020

In general, as long as a tenant is resident in the property they are liable for the council tax. However this is an area with some nuance and landlords may be liable depending on how the property is let, who it is let to, and whether or not a tenant remains resident in the property. 

Filling out your self-assessment

Self-assessment tax guide for landlords

Last Updated: 05/07/2020

If you are in receipt of rental income, you must consider your tax implications, and ascertain the correct approach as to how and if this needs to be reported. In a lot of cases, it will mean you need to submit a self-assessment tax return. To help you with this our partners at rita4rent have produced a guide to filling out a self-assessment.

Recent changes to tax

Recent tax changes that affect your self assessment

Last Updated: 27/07/2020

In recent years a number of different changes have been made to the tax regime. Most notably the changes to mortgage interest relief and stamp duty land tax. Our partners at rita4rent have produced guidance on these changes to help you understand how they affect you.

Property tax dates

Property Tax Dates

Last Updated: 21/07/2020

In recent years, HMRC have become more aggressive in penalising those who file and/or pay their taxes late, and in light of this, we summarise below a selection of dates for your diary in 2020/21. This should ensure you are aware of the full position, and that no deadlines are missed!

Property accounts spreadsheet

Property Accounts Spreadsheet

Last Updated: 28/07/2020

This property accounts spreadsheet will help you keep thorough and complete records of your property whether for business purposes or just your own personal portfolio. In addition, it is good practice to separate records between properties, especially if you let more than one. The spreadsheet is organised so you can instantly compare and contrast similar costs for up to 10 properties on the same page, while also allowing you to delve into the specific cost types to each of your properties.