Tax Evasion vs Tax Avoidance: What’s the Difference?
https://youtu.be/9aWgP3rGj3I Tax Evasion vs Tax Avoidance: What’s the Difference? The terms tax evasion and tax avoidance are often used interchangeably. But they are not the same thing. Tax evasion is illegal. Tax avoidance is more complicated because it can range from completely legitimate tax planning to highly artificial arrangements that HMRC may challenge. So where […]
Section 24 Explained: Why Many Landlords Are Paying More Tax
Section 24 of the Finance Act 2015 is the single most important tax rule for landlords – and most still don’t understand it fully. If you own a rental property with a mortgage, Section 24 is costing you thousands of pounds in tax every year. Let me explain exactly how it works, who it hurts […]
Capital Gains Tax on Property: When You’ll Pay and How to Reduce It – UK Guide 2025/26
If you’re selling a rental property, a second home, or any property that isn’t your main residence, you need to understand Capital Gains Tax (CGT). It can be a nasty shock. You sell a property for £100,000 more than you paid, think you’ve made a decent profit, then discover you owe HMRC £24,000 in tax. […]
Buy-to-Let Tax: What You Can (and Can’t) Claim Anymore – UK Guide 2025/26
If you own a rental property, you’ve probably wondered exactly what expenses you can claim against your rental income. And if you’ve been a landlord for a while, you’ve definitely noticed the rules have changed. Let me explain what you can still claim, what you can’t, and how to make sure you’re not paying more […]
“Should I Put My Rental Property in a Limited Company?
If you’re a landlord paying 40% tax and watching half your rental profit disappear, you’ve probably wondered: should I put my properties in a limited company? The answer isn’t simple, but it might save you thousands – or cost you tens of thousands if you get it wrong. Let me explain exactly when it makes […]
A little known Property Requirement – Additional Tax On Enveloped Dwellings
He was asking me questions about tax on his properties I asked him whether he was filing ATED returns and he was unaware that there was a requirement to file them. An Annual Tax on Enveloped Dwellings (ATED) return is a tax return that certain UK companies and individuals must file if they own a […]
VAT on Rental Property: When You Pay It and When You Don’t – UK Guide
Note: This article covers VAT on rental income from letting properties. VAT on property development, construction, new builds, renovations, and property sales is covered separately – those rules are completely different. VAT on Rental Property: When You Pay It and When You Don’t – UK Guide 2025/26 VAT on property confuses most landlords. The rules […]
Your Home & Tax
The general rule is that your Principal Private Residence is exempt from Capital Gains Tax. Moving Home – The law allows you a certain period when you have bought a second home to live in but are still living in your old home (for instance when your new home needs to be renovated). This is covered […]
Property Rentals – An Overview
I give here a brief overview of SOME of the INCOME tax considerations that need to be borne in mind if you rent out property. As always you need to seek professional advice. Allowable expenses The expenses you can deduct from letting income (unless it’s under the Rent a Room scheme) include: letting agent’s fees […]
