property taxation Archives - Page 9 of 18 - Whitefield Tax - Isle of Wight Accountants

Tax deductible expenses to include on a landlord’s tax return

by Jessica Garbett | Jan 11, 2019 | ACCA, property taxation

Factors to consider when calculating rental expenses. Generally, when calculating rental business profits, expenses will be treated as revenue expenditure provided they are incurred wholly and exclusively for the purposes of the business and are not of a capital...

Useful tax elections and claims for 2017-18

by Jessica Garbett | Jan 9, 2019 | ACCA, business taxation, capital taxation, HMRC, personal taxatation, property taxation

A timely reminder heading into self assessment season. Main residence nomination s222 (5a) Taxation of Chargeable Gains Act 1992 (TCGA 1992) Taxpayers with two or more residences may choose which property is to be treated as their main residence for capital gains tax...

Self assessment exclusions

by Jessica Garbett | Jan 7, 2019 | ACCA, business taxation, capital taxation, HMRC, personal taxatation, property taxation

There are ongoing problems with HMRC’s self assessment tax calculator. HMRC is working to resolve these but the exclusion list is still being updated. This is to reflect fixes made, new issues resulting from those fixes and updated guidance. Where a return can’t be...

Let property relief fallout from the Budget

by Jessica Garbett | Dec 19, 2018 | ACCA, budget, property taxation

Analysis of the CGT situation for LPR changes for landlords. In the October Budget, the chancellor announced changes which will impact on landlords’ capital gains tax position (where they are eligible for letting relief) from April 2020. These were: the final period...

Any good news for landlords?

by Jessica Garbett | Nov 2, 2018 | ACCA, budget, property taxation

Landlords have had a rough ride in recent Budgets. Do they have any reason to smile this time? Since the changes in the residential property taxation, landlords were badly hit with additional stamp duty and interest claim restrictions and so on. Higher stamp duty land...

Autumn Budget 2018 – Our Summary

by Jessica Garbett | Oct 30, 2018 | budget, business issues, business taxation, capital taxation, IR35, personal taxatation, property taxation, PSC

Our initial review of yesterdays Budget, including the news that reverse IR35 will come into the Private Sector from 2020, is now up on our website: Autumn Budget 2018

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Tax deductible expenses to include on a landlord’s tax return

Useful tax elections and claims for 2017-18

Self assessment exclusions

Let property relief fallout from the Budget

Any good news for landlords?

Autumn Budget 2018 – Our Summary

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