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…
The latest data on the UK’s house sales from HMRC reveals that numbers dipped by 3% month-on-month in December 2022 with signs that rising mortgage rates impacted transactions.
The figures show that 101,920 homes were sold in December 2022 –
Stamp duty tax receipts in England surged by 19% between April and November to £14bn – an increase of £2.2 billion compared to a year ago, HMRC has revealed.
In April, the levy was ‘dramatically higher’ after the stamp duty holiday en…
Stamp duty tax receipts in England surged by 19% between April and November to £14bn – an increase of £2.2 billion compared to a year ago, HMRC has revealed.
In April, the levy was ‘dramatically higher’ after the stamp duty holiday en…
The Government has announced that the introduction of its flagship ‘Making Tax Digital’ (MTD) scheme for Income Tax Self Assessment has been shelved for two years
The scheme was a crucial part of the government’s strategy for tax admi…
It has been revealed that the UK has 2.74 million unincorporated landlords and in 2020-21 they earned £41bn from rents, but the data also shows that 50,000 landlords have left the private rented sector (PRS) since 2019.
The figures from HMRC report in …
The number of UK house transactions increased by 2% in October to reach a seasonally adjusted total of 108,480, HMRC reports, though these figures do not reflect the market chaos seen after the Government’s mini-Budget.
That rise is compared with…
HMRC is targeting residential landlords in its latest ‘nudge campaign’ that it suspects are not declaring their full rental income, warns tax advisers Kreston Reeves.
The campaign comes in advance of Jeremy Hunt’s first Autumn Stateme…
HMRC is targeting residential landlords in its latest ‘nudge campaign’ that it suspects are not declaring their full rental income, warns tax advisers Kreston Reeves.
The campaign comes in advance of Jeremy Hunt’s first Autumn Stateme…
The government will target landlords in a bid to plug a £50bn hole in the country’s finances, reports reveal.
The move could see landlords losing thousands of pounds when selling their property under proposals which will come as a fresh tax blow …
info@gracecharlesinvestments.com
of Norwich City Football Club