10 min read A notable shift is on the horizon for landlords in the UK as they brace themselves for the impending implementation of Making Tax Digital for Income Tax (MTD IT). It aims to revolutionise how tax reporting is conducted, ultimately affecting millions of taxpayers, with landlords being a significant part of this demographic. […]
Author Archives: Team Golding
27
Dec
Dec
10 min read The abolition of the Furnished Holiday Letting (FHL) tax regime on April 6, 2025, will significantly affect landlords who have previously benefited from its provisions. HMRC has announced the abolition of the FHL scheme, prompting questions for property owners. Thankfully, they’ve recently issued some clarifications to ease the transition. However, several vital […]
Budgeting, Landlords
Impact of the Budget buy-to-let stamp duty hike on landlords and second-home buyers
22
Nov
Nov
10 min read In the recent Budget, the UK government announced an increase in the Stamp Duty surcharge for buy-to-let properties and second homes over £40,000. This has caused significant concern among landlords and second-home buyers, who now face higher costs when purchasing additional properties. In this blog post, we will explore the impact of […]
05
Nov
Nov
10 min read Chancellor Rachel Reeves delivered the Autumn Budget 2024, which included tax changes and spending measures to stimulate the economy and support businesses and households. Here’s a breakdown of the critical measures impacting landlords and small businesses in the UK. Tax changes impacting landlords: 1. Stamp Duty Land Tax (SDLT) changes New rates […]
30
Oct
Oct
10 min read According to eMarketer, global e-commerce retail sales are expected to surpass $5 trillion for the first time in 2022, representing more than 20% of total retail sales. Despite a slowdown in growth, overall spending is projected to reach $7 trillion by 2025. Is your e-commerce business growing but not seeing the […]
30
Oct
Oct
10 min read If you’re a UK landlord, you need to pay rental income tax on all annual gross property income over £1,000 (your property allowance). In case you haven’t been paying the tax you owe, whether because of a lack of knowledge about your liability or other factors, you have the opportunity to rectify […]
27
Sep
Sep
10 min read Being an influencer can be exciting and rewarding, but with great media fame comes tax responsibility. The income from brand partnerships, social media platforms, and other ventures makes you liable to complete a Self Assessment tax return. In contrast to conventional salaried jobs where taxes are automatically withheld through PAYE, influencers […]
30
Aug
Aug
HMRC nudge letters are a type of “one-to-many” communication, targeting a wider audience of businesses or individuals within similar sectors.
17
Jul
Jul
Understanding and navigating the complex ecosystem of the construction industry and the tax landscape is a crucial responsibility for contractors. The Construction Industry Scheme (CIS) tax deductions can be overwhelming, but mastering them is necessary for accurate tax filing and avoiding penalties. This knowledge empowers contractors, giving them control over their financial responsibilities. It’s […]
06
Jun
Jun
This buy-to-let tax guide will equip you with a comprehensive understanding of critical buy-to-let taxes in the UK, helping you maximise profits.
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Or, email us at info@wearegolding.com
Or, email us at info@wearegolding.com
