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Declaration of Trust issue?

Hello, We would like to revoke a Declaration of Trust currently in my husband’s name to reflect the usual 50:50 split as tenant’s in common.
The tenants in one of our properties have told us they are going to move away – probably in the sum…

Rent protection payments on the tax return form?

Hi, Has anyone here used rent protection insurance? If so did you just treat the insurance payments exactly like rent for tax purposes?
I am having to evict a tenant for non-payment of rent during this tax year.

Number of UK’s unincorporated landlords rises to 2.82 million

The number of unincorporated landlords in the UK’s private rented sector (PRS) has increased to 2.82 million in 2021 to 2022, according to new data from HM Revenue and Customs (HMRC).
The data, based on Income Tax Self-Assessment (ITSA) returns

Why Dan Neidle is wrong about incorporation relief

Yesterday’s article invited Dan Neidle to withdraw his allegations and apologise in accordance with his promise to do so if we had ‘disclosed the scheme in full to HMRC and HMRC said it was fine’. We have done exactly that

What it’s like dealing with Dan Neidle

I have always stood up to bullies and have a reputation for integrity and winning legal battles. The legal case that stands out above all others is Mark Alexander (representing Property118 Action Group) vs West Bromwich Mortgage Company at the Court of…

HMRC issues a spotlight article on hybrid partnerships

We have written many articles about Hybrid LLP’s and how they have been abused.
We also offered to help those who had fallen for a Hybrid LLP sales pitch to come clean with HMRC and correct matters before HMRC came knocking at their door.

Property118 and Cotswold Barristers Rebuttal of Dan Neidle’s Allegations

Kings Counsel has confirmed the correctness of our approach to incorporation.
Why we have only published a holding response to Dan Neidle’s articles (until now!)
Given the extremely damaging nature of Mr Neidle’s article, and the distress it has …

Allegations made by Dan Neidle of Tax Policy Ltd–Statement From Property118 and Cotswold Barristers

We are aware of a series of publications by Dan Neidle of Tax Policy Associates Limited to his website and his social media channels since 13 September 2023.
Our solicitors have sought advice from an independent Tier 1 Tax King’s Counsel to confirm the…

UK’s property transactions fall by a third in a year

HMRC’s latest data reveals a staggering drop in UK property transactions, signalling a potential slowdown in the housing market.
In April 2023, the provisional non-seasonally adjusted estimate for residential transactions plummeted to 67,220 – th…

HMRC will get a tax ‘gold mine’ with the new landlord database

The Renters’ Reform Bill has unveiled a new database that could turn into a tax ‘gold mine’ for HMRC to chase after landlords who haven’t been paying their taxes, one firm warns.
Accountancy and business advisory firm BDO say th…

Making Tax Digital for Landlords?

Hello, There’s more red tape for landlords to come – From April 2026, self-employed individuals and landlords with an income of more than £50,000 will be required to keep digital records and provide quarterly updates on their income and exp…

Holiday lets and HMRC rules?

Hello, Does anyone here understand the rules surrounding extended lets of 31 days plus, please?
Here is the Gov link:
The letting condition. In one paragraph it states this:
The pattern of occupation condition
If the total of all lettings that exceed 3…

February sees the lowest property sales in a decade

Data published by HMRC show that non-seasonally adjusted property sales were up 2% from January, to 76,920 in February – but this is down nearly a fifth from last year (18%).
However, the seasonally adjusted figures show that things look even wor…

Capital cost vs allowable expense?

Hello, Would reinstatement (like for like) following an accident to a property be considered a capital cost or allowable expense vs income?
My instinct is to view it all as maintenance/repair because there was damage which needed attention to get it ba…

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