Tax planning for a residential landlord.

After a challenging year as a UK residential landlord, you might have read about improvements to the buy-to-let mortgage market in recent weeks. In the three months to 31 May 2021, the average interest rates for a residential landlord have declined. A two-year fixed-rate buy-to-let mortgage fell 0.10 percentage points to 2.95%. A five-year fixed[…]

HMRC to contact self-employed claimants for grant four SEISS applications

HMRC has confirmed that it will be contacting eligible self-employed individuals based on their tax returns in mid-April to give a date for making applications Individuals will be contacted by email, letter or within the online service and all claims must be made on or before 1 June 2021. The claim must be made by[…]

Personal tax planning in 2021/22

Personal tax planning in 2021/22 If there’s one thing to take away from Spring Budget 2021, it’s taking charge of your personal finances is going to be increasingly important over the next five years. With the financial fallout from COVID-19 over the last year being the fiscal equivalent of fighting a war at more than[…]

Finance cost relief for residential lets

Historically, landlords have enjoyed generous income and capital gains tax reliefs which helped make residential property an attractive investment for those looking to add to their monthly incomes or provide for retirement. But over the years the Treasury has eroded these reliefs, both income and capital. You might remember mortgage interest relief at source, which[…]