A landlord? Start here...

 Steps

Details

1. 

What is the most tax-efficient way to own buy-to-let property?
We consider the key issues and give tips on profit extraction and other planning points.

Will Stamp Duty Land Tax (SDLT) be payable when you purchase your property?

What rate of SDLT will apply? What if you buy a second residential property?

Are there any SDLT reliefs?

What tax is paid if the property is in Scotland or Wales?

SDLT: Residential property higher rates

LBTT: Additional Dwelling Supplement

Welsh LTT vs SDLT: Comparing the rates and additional dwellings charge

 3.

Are you buying the property jointly with another individual?

How does a sole owner bring in another owner?

What is the difference between legal and beneficial ownership of land and property?

What are the differences between joint tenants and tenants in common and how does that affect your planning?

 4.

What is Furnished Holiday Let (FHL) status?

Will your new property qualify as a FHL?

What rules apply and whether you can save tax by making sure you have an FHL.

 5.

Are you a non-UK resident (individual, company or other entity) buying a property to be let in the UK?

What registration requirements are required for non-UK resident owners on purchase and annually with Companies House?

A Non-Resident Landlord? Start here

Companies House: Register of Overseas Entities

 6.

Non-UK resident and considering buying UK property to let out via an offshore company?

What tax rules apply?

Offshore company holding UK residential property: Tax issues 

 7.

Are you a company letting your property to your connected parties?

Check whether the Annual Tax on Enveloped Dwellings (ATED) will apply to you.

Can you claim an exemption from the ATED?

How will you structure your property ownership if you think it will apply? 

 8.

Rental income should be reported to HMRC.

When do you need to register with HMRC and file a Self Assessment return?

What else do you need to do with HMRC?

See also S.8(1) notice to file a tax return for details about registering with HMRC.

 9.

An accountant's insider guide to property letting and VAT including whether you need to VAT register your property business before you buy your first property.

 10. 

Commercial property VAT: should you opt to tax a property for VAT? What type of property you can opt to tax? Consider this before you buy or renovate.

 Steps

Details

 1.

A helpful toolkit that includes everything you need to know about how property profits and losses are taxed in the UK.

 2.

A guide to which accounting basis is best for landlords and how profits are calculated.

 3.

If your total property income is below £1,000 you can claim this allowance and no income tax will be due.

 4.

The rules on mortgage interest relief have changed in recent years. This guide explains the changes and what relief you can claim going forward. Will your mortgage interest create a loss and if so what can you do with it?

 5.

A freeview note which considers whether and when mortgage interest relief is available when re-mortgaging a rental business; this is a complex area.

6. 

What if you are just letting a room in your own home, how will it be taxed? What are the rules for the relief to apply?

 7.

This guide sets out when and how a landlord can claim capital allowances (tax depreciation) on capital expenditure on their let property. In other words what tax relief can you get for capital expenditure on improving your property?

 8.

A guide explaining what tax relief you can claim when you replace domestic items such as appliances and furniture in your let properties.

 9.

A toolkit covering what types of expenses landlords can use fixed-rate expense deductions for and which is better, fixed-rate deductions or actual cost. Can you claim mileage for visiting your properties and at what rate?

 10.

A detailed guide to how to incorporate your buy-to-let business into a limited company, what the advantages and disadvantages are and what taxes and reliefs you need to consider.

 11.

Everything you need to know about MTD for landlords before it becomes mandatory from 2026.

 12.

If you are letting commercial property which is opted to tax you may need to be VAT registered and MTD for VAT may apply. All you need to know about how the rules work.

Details

 1

What are the Capital Gains Tax and Inheritance Tax issues arising with unincorporated property businesses including Furnished Holiday Lets?

 2

A guide to the rules which replaced the old transactions in land provisions and extended UK taxation to all profits from trading in and developing UK land, regardless of residence.

 3

General information about what you can and can’t deduct when calculating a capital gain.

 4

A guide to help you work out what capital gain or loss you have made when you sell your property.

 5

How and when does Capital Gains Tax apply to non-residents owning UK property? This guide explains.

 6

Everything you need to know about how and when to pay Capital Gains Tax when you sell your property.

A guide to Capital Gains Tax reliefs and how and when they might apply to a property business.

 8

Can you claim Private Residence Relief when you sell a rental property you have lived in? What are the rules and restrictions?