I have add EV charger installed at a Rental property is it Capital Expenditure or income tax cost against Rental income? Continue Reading
I have add EV charger installed at a Rental property is it Capital Expenditure or income tax cost against Rental income? Continue Reading
Hi all, So I’m currently in the process of purchasing a property at £729,000 under a single Freehold Title which is of mixed-use. It consists of: 2 x 1 bedroom holiday flats (2nd floor) 1 x 3 bedroom flat below that (1st floor) 1 x annex to the rear with ... Continue Reading
Hi all, I was a property landlord but have now sold up... Due to some refunds for property insurance that were paid for in the 24/25 tax year, my expenses in the 25/26 tax year are negative by a small amount. Unfortunately I don't seem to be able to enter a negative ... Continue Reading
My mum died with nothing left in the estate other than a buy to let of which I was joint tenant, and which reverted to me by survivorship. My sibling did not benefit from any cash via the estate, though their home was also jointly owned with mum and is now theirs. ... Continue Reading
Hi All, My wife started working as a sole trader last year after after the business she was working at closed. She now works as a barber 1 day a week in a friends salon. She travels to the salon in her own car that she has owed for many years. Can anyone advise ... Continue Reading
My civil partner bought a property in 2021, value £665,000. She would now like to give me a half share. What is the best way of doing this (Land registry, deed of trust, beneficial ownership)? We would like to avoid SDLT and CGT (either now or in future). Would ... Continue Reading
Hello everyone, I’m currently simulating the growth of a portfolio over a one-year period using a strategy of systematically reinvesting monthly gains (the famous compound interest effect). On paper, the projections look promising, but I’m stuck on the tax ... Continue Reading
Hi, looking for some tax advise in relation to form 17. Sure I've come to the right place here so would be very grateful if someone could help us out. My wife and I jointly let out a property, which she manages and receives the rent for, and has for some time. We ... Continue Reading