Utilising the property allowance
The property allowance is essentially an additional personal allowance for property income. It allows individuals to enjoy property income of up to £1,000 each tax
Passing on the investment property
A landlord will need to consider whether it is better to pass on an investment property during their lifetime or on their death. Here, we
How to claim relief for excess interest
Landlords running an unincorporated property business can claim a tax reduction for interest and finance costs incurred in relation to residential lets (including holiday lets).
Extracting profits as rent
Where a business is run through a personal or family company, the directors/shareholders will need to extract profits if they are to be used personally.
Costs of working from home
Costs of working from home When an employee works from home, they may incur additional costs, such as higher gas and electricity bills. The tax
Ensuring VAT is charged correctly
VAT is often thought of as a relatively simple tax; if a business is VAT registered, 20% VAT is usually charged. However, in practice, the
April 2029 – Taxpayers’ payment dates may be changing
By now the first quarter’s Making Tax Digital (MTD) submissions should have been made. However, by 12 August, just over 436,000 of the estimated 864,000
Cash basis for landlords
As for unincorporated trading businesses, the cash basis is the default basis for the preparation of accounts for landlords running an unincorporated property business. However,
The Leonard Curtis Football Finance Report 2026.
The Championship is the most exciting league in football. Its finances tell a very different story. Leonard Curtis has just published its first Football Finance
Do deadlines matter for tax refunds?
Not all taxpayers owe money – sometimes they are due a repayment. This may be for a number of reasons, and the method by which
Capital expenditure and the cash basis
The cash basis is the default basis for preparing accounts for landlords with annual rental income of £150,000 or less who run unincorporated property businesses.
Should your company buy your bike?
Should your company buy your bike?Getting around a city by bus, car or taxi can be frustrating, with traffic congestion often making journeys slow and