Property VAT: the option to tax explained
The VAT treatment of property can be challenging. Normally, supplies of land and buildings are exempt from VAT, however there are some exceptions to this. In this article, Nottingham chartered accountants Clayton & Brewill explains the option to tax and the implications of this, as well as HMRC procedures for dealing with property VAT and […]
Short-term property letting: does HMRC need to know?
Many websites urge property owners to start earning from their home or spare room – but what they don’t always mention is that HMRC may want a piece of the action. Income from short-term property letting will likely need to be included in the calculation of your taxable income, although there are some occasions where […]
Section 21 notice changes: an update for landlords
The government has announced its plans to abolish the use of Section 21 notices, with landlords now expected to use Section 8 if they wish to evict their tenants. This change coincides with the Tenant Fees Act 2019 coming into place last month, which has capped the amount allowed for a tenancy deposit and banned […]