Tax tips for Landlords. Everything you need to know about expenses for rental properties and reporting earnings from rent.
03 Jan 2023
Sole traders and landlords now have another two years to get ready for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), following the government’s decision to delay its introduction until April 2026. Announced…
08 Dec 2022
Steve Flew is a self-employed oil-sector consultant who lives in the picturesque village of Boat of Garten in the Scottish Highlands. He’s married to Norwegian wife Maike and they have a small family. “I’m Welsh; originally…
06 Dec 2022
If you need to file a Self Assessment tax return, you should make sure that you report all sources of taxable income, otherwise there can be serious consequences – especially if you deliberately conceal income. Income,…
06 Dec 2022
You probably hate having to do your tax return each year. Let’s be honest – it’s a faff – and you’d rather be doing almost anything else. Who enjoys tax returns? And if you lack experience,…
14 Nov 2022
By now you may (or may not) have heard about Making Tax Digital (MTD), the comprehensive digitisation process that’s transforming the UK tax system. It has already changed VAT reporting rules for all VAT-registered businesses and…
14 Nov 2022
If you already think you pay too much tax as a sole trader or landlord, you would probably pay significantly more if you were not allowed to claim for a wide range of legitimate business expenses…
07 Jun 2022
Non-resident landlord now living in France saves lots of time and gains greater peace of mind thanks to GoSimpleTax For hundreds of years, Limoges in southwest-central France has been famous for its decorated porcelain and it…
26 May 2022
VAT-registered businesses have already had to prepare themselves for new Making Tax Digital (MTD) record-keeping and reporting rules. But it won’t be too long before sole traders, private residential landlords and others who report income via…
17 May 2022
If your business is VAT-registered, you should already have heard of Making Tax Digital, because in April 2022 it ushered in new VAT record-keeping and reporting requirements. If you’re not familiar with Making Tax Digital or…
12 May 2022
Renting out property involves having to pay for a wide range of associated costs and expenses. Some are relatively minor, while others are rather more expensive. These outgoings can certainly mount up over a year and…
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