With the whopping rise in the prices of the houses during Covid, lenders are now offering mortgages to the borrowers allowing them a 5% deposit under the new 95% mortgage scheme, a guarantee scheme by the UK government. This scheme has recently launched on 19 April...
HMOs (House in multiple occupations) and multi-let properties have gained great popularity in recent times. According to an estimate (2018), there are over 497,000 HMOs from a total of 4.5 million households in the UK. HMOs offer affordable and quality accommodations, especially to students, and...
In today’s blog, we’re going to delve deep into capital gains tax, when you need to pay it, what its rates are and what are the ways for avoiding capital gains tax on property UK. What is Capital Gains Tax (CGT)? Capital gains tax is levied on...
One of the most attractive investments nowadays is buy to let property, but you need to consider many things before buying such a property. Our top tips for investing in buy-to let-property will be of great help. As the name suggests, the buy-to-let property is the...
The trend of HMO or multi-let properties has grown exponentially in recent years. People are searching for high-standard properties in suitable locations. Besides, landlords can get a handsome yield by letting their property into multiple parts. As a result, landlords are shifting from traditional single...
Want to find out what is Property income allowance! Give this blog a two-minute read to know all about it. Property Income Allowance was introduced on 6 April 2017. It was a positive step taken by the UK government to support landlords and property businesses. If you’re...
What is the HMRC Let Property Campaign? HMRC runs several campaigns for tax risks and particularly for the taxpayer’s sector. So what are these campaigns all about? And how can "HMRC let property campaign accountants" can help you with the disclosures? Campaigns are a great opportunity for specific...
Being a property landlord is one of the best ways to supplement your income. The buy-to-let investment scheme has allowed many people to build their pension and entrepreneurs to create a business cemented in property ownership. Just like any other investment, you’ll need sound financial...
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...
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