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Started by JamesHopeful, 21-08-2018, 20:28 PM
1 response
13 views
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Last Post Gordon999  
Started by Helvie, 05-08-2018, 13:03 PM
7 responses
80 views
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Last Post jpkeates  
Started by Helvie, 06-08-2018, 09:41 AM
9 responses
119 views
0 likes
Last Post jpkeates  
Started by Landlord2015, 20-08-2018, 12:26 PM
0 responses
22 views
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Last Post Landlord2015  
Started by JazzApples, 17-08-2018, 16:19 PM
12 responses
89 views
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Last Post Gordon999  
Started by Juliaabc, 14-08-2018, 16:03 PM
11 responses
142 views
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Last Post jpkeates  
Started by splodge2001, 17-08-2018, 13:16 PM
1 response
34 views
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Last Post Gordon999  
Started by Always Problems, 16-08-2018, 11:41 AM
1 response
39 views
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Last Post Gordon999  
Started by JamesHopeful, 22-07-2018, 12:24 PM
9 responses
127 views
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Last Post Gordon999  
Started by Tnpn, 08-08-2018, 17:13 PM
3 responses
71 views
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Last Post theartfullodger  
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Latest Topics

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  • Subsistence costs - can my limited company pay for me?
    JamesHopeful
    I'm going to make an overnight trip to another city wholly and exclusively for the purpose of doing some work in relation to my rental properties, which are owned in a limited company.

    I am already treating my train fare and hotel cost as a business expense, paid for by the company, but...
    21-08-2018, 20:28 PM
  • Reply to Subsistence costs - can my limited company pay for me?
    Gordon999
    If you are away from home after normal day work hours and on company business, I think your company can decide to pay for your meals .
    Its best to take the meals at the hotel so the cost appears under the hotel bill.
    21-08-2018, 22:58 PM
  • Question regarding upgrades in flat for tax relief
    Helvie
    Hi,
    Im unsure as to what i can claim tax relief on. I have to replace a gas boiler as the current one isnt working properly, can i claim relief on this ? im also a registered heating engineer so doing the work myself purely material costs.

    Is there a way i could invoice my property...
    05-08-2018, 13:03 PM
  • Reply to Question regarding upgrades in flat for tax relief
    jpkeates
    HMRC don't allow landlords to claim for their own labour against income for tax.
    Landlords are expected to do work on their investment as part of their business activity.

    That may be different in Scotland.
    21-08-2018, 12:20 PM
  • Move to ltd company
    Helvie
    Hi,
    I read a lot about changing to a ltd company, at which point or why should this be done. I currently have 2 BTL and in the process of buying my third with a fourth on the cards for end of year or early next year. What is the best advice for this.

    I am a tax free resident so...
    06-08-2018, 09:41 AM
  • Reply to Move to ltd company
    jpkeates
    You can't offset the repayment element of a mortgage against income (as an individual) - at least not in England, Scottish rules might be different.
    The position as a limited company would be slightly different, but not that much.
    21-08-2018, 12:04 PM
  • Reply to Question regarding upgrades in flat for tax relief
    Helvie
    Well if it’s tax deductible then say I pay £1k for a boiler then my profit at end of year would be £1k less so wouldn’t pay tax on that amount....
    21-08-2018, 09:42 AM
  • Reply to Move to ltd company
    Helvie
    I’m talking about profit after mortgage and other payments are made., ie insurance, boiler contract etc. They are both on repayment mortgages so less monthly profit than interest only....
    21-08-2018, 09:39 AM
  • Seeking a professional tax expert please
    Landlord2015
    Fed-up of all the attacks on the BTL sector by the government and the ever-increasing red tape and hassles of managing tenants, so I'm looking to sell my portfolio of UK BTL properties and invest a fairly large sum into equities etc. from which to receive an annual 'retirement' income.

    ...
    20-08-2018, 12:26 PM
  • Let Property Campaign and past experience
    JazzApples
    Hi,
    The ex-wife and I had a couple of rental properties which we've rented out for the past 2.5 years. The initial intention was to use the properties as an investment for the future, but we divorced after a year and never put our tax affairs in order. After the divorce, I wanted to declare the...
    17-08-2018, 16:19 PM
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