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. […]
Tag Archives: Landlords
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 […]
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 […]
09
Jul
Jul
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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