Published 17th February 2020; Updated September 2021 Still puzzled by the S24 restriction or finance cost relief? See the easy-to-read full explanation From 2020 the tax relief that landlords of residential properties get for finance costs is being restricted to the basic rate of Income Tax. The finance cost relief is now given as a […]
Category: Letting
Can your house be stolen?
Published 6th October 2012; Updated 29th November 2018 / April 2021 The quick answer is YES! Here is a true horror story of how a teacher in Hove had his house stolen. In 1998 Mr Hawthorn decided to take a sabbatical from his job as a science teacher in Sussex. He rented out his home in […]
Property Income Allowance
Published 27th March 2017 The Property Income Allowance is available from April 2017 The Property Income Allowance is an allowance of £1,000 that may be used instead of the normal or usual method of calculating deductions from rents etc. It will only be of benefit to those with very low outgoings. Example 1 Alan lets […]