Residential buy-to-let and VAT Residential buy-to-let are VAT exempt. Which means VAT can’t be charged on rents. It also means that VAT can’t be reclaimed on expenses, repair costs, agents fee’s etc. The assumption therefore is that residential landlords can ignore VAT. But this isn’t always the case. If a landlord owns another business which […]Read More
Tenants in Common, Saving Tax and Tax Planning Being tenants in common with joint property ownership could save you tax. It will save tax if one partner has no income or is not fully using their 20% tax threshold. HMRC have special rules for married couples and those in civil partnerships. So if you own […]Read More
Protecting Property – Title Theft Protecting property title theft will become increasingly important over time. In the old days title deeds were confidential documents. You could only see them with permission from the owner. Now everything has gone online. You can log on to Land registry, obtain title deeds without the title owners even knowing […]Read More
Impact on the Property Sector by Brexit Brexit property sector impact remains uncertain. However most indicators do suggest that property prices will fall. The extent of the fall in prices no one really knows. Before we look at the Brexit factor on the property sector, let look at preBrexit predictions. In January 2016 Royal Bank […]Read More
Clause 24 solutions do exist I have written two previous blogs on Clause 24 solutions. The first one can be found by clicking this LINK and the second HERE. The main components of clause 24 affecting the residential landlord are: Removal of the 10% wear & tear allowance. This is effective from 6th April 2016. From […]Read More
What are the Benefits of Cloud Accountants? Finance Equation Ltd are an award winning cloud accounting service provider. We ProAdvisors with Xero and QuickBooks. Both of which are leaders in their field. Online accounting has come a long way since its inception and it’s transformed the way we work. As little as three of years […]Read More
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