Tax-free rental income up to £8,500

January 31, 2018 | by Sian Kelly | No comments

By making the most of the rent-a-room relief and the £1,000 property income allowances, it is possible to receive tax-free rental income in 2018/19 of £8,500 (while utilising your personal allowance elsewhere).

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Buy-to-let landlords-the new rules on interest relief

September 07, 2017 | by Sian Kelly | No comments


With rising property costs and low interest rates, many people took out a mortgage to invest in a buy-to-let property. As long as property prices continued to rise and the tenants paid their rent, investors could make money from the rising market while the rent from the tenant paid off the mortgage

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How is rental income taxed on jointly owned property?

April 10, 2017 | by Sian Kelly | No comments

The situation where a married couple or civil partners jointly own an investment property that they let out is a familiar one, but when it comes to the rental income, special rules apply.

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Interest relief for lettings – the transitional period

March 24, 2017 | by Sian Kelly | No comments

The mechanism by which landlords receive tax relief for interest and other finance costs is changing from April 2017 … and not for the better. The current rules are more generous than the new rules in that they enable the landlord to receive tax relief at his or her marginal rate of tax.

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What is lettings relief?

January 20, 2017 | by Sian Kelly | No comments

Lettings relief increases the amount of the gain that is sheltered from capital gains tax when you sell a property which has at some time been your only or main residence, and in respect of which some private residence relief is due.

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Landlord–interest relief restriction: deduction v tax reduction

August 03, 2016 | by Sian Kelly | No comments

In his July 2015 Budget, the Chancellor dealt a blow to landlords with his announcement that from April 2017 relief for finance costs would be progressively restricted.

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