Wear and Tear Allowance

Wear and Tear Allowance

Property Tax is Getting to Be Taxing for Landlords

01 March, 20170 Comments
While the general rule regarding the law and tax in particular is that ignorance is no excuse, it’s easy to see why many buy-to-let landlords have been left confused and concerned over a flurry of recent tax changes.  Here is a brief explanation of the three key changes and what they mean. Stamp duty surcharge
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The top 10 most unusual excuses for failing to file a tax return, this Friday 13th

13 January, 20170 Comments
It has been reported that 8,000 taxpayers took a break from the festive period to file their tax return on either Christmas Day or Boxing Day last year, but there is still a high percentage of investors who haven’t yet completed their self-assessment tax return – as the 31st January deadline looms. Those who fail
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Tax Reforms Squeezing Property Investors

04 January, 20160 Comments
Residential property investors are facing tough times, with several recent tax reforms putting the squeeze on buy-to-let landlords. As the announced changes roll out over the next few years, many landlords will see the returns they get from their investments significantly impacted and some may see currently profitable assets turned into loss-makers. The most recent
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Wear & tear allowance removal

13 August, 20150 Comments
The NLA has reported on new findings which show that at 47% almost half of landlords will be affected by the removal of the annual wear and tear allowance. The research has found that 24% of landlords let their properties fully furnished, 22% let a mixture of both furnished and unfurnished properties and just over
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