Month: September 2019
Sep 25, 2019 | TaxHMO Tax | What Do I Qualify For As A HMO Landlord?
Summary. Landlords of HMOs generally can’t claim capital allowances for communal areas, as HMRC considers these as part of the dwelling. Tax deductions are viable for repairs and domestic item replacements. Incorrect claims risk penalties. Expert HMO tax advice is recommended. Our previous article on capital allowances for landlords raised a few questions regarding […]
Sep 10, 2019 | TaxHow Capital Gains Tax On Property Will Change From April 2020
Summary. Starting from April 2020, taxpayers must pay capital gains tax (CGT) on residential property sales within 30 days of completion, marking a significant departure from the current self-assessment system. This rule applies to both UK and overseas properties, with penalties for non-compliance. Thomas Nock Martin offers expert advice on navigating these changes. In April […]
