To all the individuals and companies who are owning properties, they need to hire a professional accountant to get protection against non-compliance with tax rules. No doubt, becoming a buy-to-let investor is a popular alternative and an appealing option for all the entrepreneurs who want...
If you are someone who owns a property in the UK and has rented out that property, then you are liable to file a self-assessment tax return. Traditionally, landlords face multiple tax and accountancy issues, which nowadays have become more complex than ever. We go beyond...
Are you searching for Expert Accountants for Buy-To-Let Landlords? Which are based in London?, Accotax, is a specialist accountancy firm that houses one of the best landlord accountants in London who cater to buy-to-let landlords? We prove our dedication to our clients by providing a...
There are two different ways of owning property– as Joint Tenants v Tenants in common. The way in which the property is own determines exactly who owns what. Thus, and also what happens when one of the joint owners dies and how any income tax. What...
Landlords will also use their car in Property Business. Where they do so, they are able to claim a deduction for the costs that they incur. Using mileage rates Where a landlord uses their car for business purposes. The easiest way to work out the amount that...
tamp duty land tax (SDLT) is on residential property. Which applies to land that forms the garden or grounds of the property. To ensure that the right rate of SDLT applied there, it is important to learn. Whether any land purchased with a property makes...
Record keeping is the process of recording transactions and events in an accounting system. For tax purposes, good record-keeping is essential. Complete records are required to provide accurate details of taxable income. Aside from the risk of paying more tax than is necessary, landlords failing to take...
The domestic reverse VAT charge for building and construction services was due on 1 October 2019. Early September marks the start date being back one year. The charge will now apply from 1 October 2020. Who will the Reverse VAT affect? The charge will affect individuals and...
Private residence relief shelters gain on sale of residence from the capital gains tax, the property has been owner’s only/main residence. Where a property has been an only or main residence at some point, the final period of ownership (currently 18 months but reducing to nine...
What are the eligibility criteria for a vat refund for DIY builders? You're eligible to apply for VAT refunds on building materials and services if you build your own house or convert an existing property into a home. You do not need to be VAT...
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