Accountancy for growth

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Annual Tax on Enveloped Dwellings (ATED)

  As interest rates rise and tax relief for rented properties falls, many owners are considering the benefits of incorporating their property portfolios. If you have a number of properties and the portfolio is run as a business this may well be a sound idea, however, a 3% Annual Tax on Enveloped Dwellings (ATED) will […]

Rent-a-Room Scheme

Budget 2017 announced that the Government intends to review the rent-a-room scheme, but it currently remains a tax-efficient way of letting out a spare room. The Rent-a-Room Scheme allows owner occupiers and tenants to receive tax-free rental income if you provide furnished accommodation in your only or main home. The current annual Rent-a-Room limit is […]

Income Tax not Capital Gains Tax on Property Sale

Finance Act 2016 brought in new rules to ensure that overseas property traders and developers are subject to UK income tax or corporation tax when they dispose of UK properties from 5 July 2016. However the way in which the legislation is drafted may catch some buy-to-let landlords. The new rules treat UK property sales/development […]

We are now even more able to help protect you and your business – Introducing Balance Legal Services

For many years, clients have been asking us about legal services and it has been a constant cause of frustration that we haven’t been able to fully help them. We strive to be considered your ‘Trusted Advisor’ and as such we wanted to be able to assist whenever you need us most, whether it be […]

Important changes for Property Investors

The 2016 Finance Bill sees the introduction of important tax changes for property investors that were originally announced in the 2015 Budget. From 6 April 2016 onwards there are important tax changes affecting the replacement of furnishings for buy to let landlords and 6 April 2017 will see the start of mortgage interest being restricted […]