Category Archives: Taxation

Let Property Campaign: A comprehensive guide for UK landlords

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 […]

Essential CIS tax deductions: what contractors need to know

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 […]

UK Spring Budget 2023: Top key announcements

Banner Image- UK budget 2023: Top key announcements

The Spring Budget Statement for 2023 builds on the stability created by last year’s announcements. It focuses on working towards achieving three of the five pledges made by UK Prime Minister Rishi Sunak: halving inflation, reducing debt, and growing the economy.   The government aims to influence society through tax and financial systems, particularly by […]

The Autumn Statement – what does it mean for you?

Banner- The Autumn Statement – what does it mean for you?

Today, the Chancellor of the Exchequer, Jeremy Hunt outlined a series of sweeping measures to include tax changes and hidden tax increases, and cuts to Government spending.   We highlight the main points below which will affect us all, and if you have any specific questions about these matters, please do not hesitate to contact […]

Make calculating the tax on rental income easy: Top tips

Banner- Make calculating the tax on rental income easy: Top tips

As a landlord, your property is your most valuable asset. Letting out residential and/or commercial property is a great way to make passive income. However, navigating all the tax requirements related to reporting income tax on rental properties and capital costs can be tricky – unless you have a landlord accountant.   In this blog, […]

The negative consequences of not declaring rental income

yellow-rental-property

There are thousands of landlords in the UK, owning and renting out second properties. The majority of these landlords declare their income and pay taxes on the profits on their tax returns because they know the consequences of not declaring rental income.    But what do you do if you have rental income that you […]

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