Tax insights • Tax Accountant Coventry
Rent-a-room relief can apply to considerably more than a conventional arrangement with one long-term lodger, but the accommodation must remain furnished residential accommodation within the individual’s only or…
Read article →Tenant deposits and compensation payments require more analysis than simply asking whether money has entered the landlord’s bank account. A refundable security deposit is fundamentally different from rent,…
Read article →Property losses are generally relieved within the property business that generated them, rather than being available freely against salary, dividends or another rental business. This becomes particularly important…
Read article →Reverse premiums arise where a tenant receives a payment or other qualifying benefit as an inducement to enter into a property transaction. They are common in commercial developments…
Read article →Form 17 for jointly owned property allows spouses and civil partners who live together to be taxed according to existing unequal beneficial interests rather than the standard 50:50…
Read article →Property business commencement determines when rental activity becomes a taxable business and when expenditure can enter the property profit calculation. Buying a property, appointing an agent or advertising…
Read article →Replacement of domestic items relief gives residential landlords a deduction for replacing certain movable items provided for a tenant’s use. It is not a general furniture allowance and…
Read article →Lease premiums treated as property income arise where a landlord receives a lump sum or similar consideration for granting a lease of 50 years or less. Although a…
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