Ten Tax Tips for First-Time Landlords

PropertyWire has just published an article aimed at the first time landlord.

It can be seen here, and covers:-

  1. Get expert advice

  2. Keep accurate records, MTD 2023

  3. Maximise your expenses

  4. Minimise tax

  5. Form a limited company

  6. Register for self-assessment

  7. Managing agent

  8. Consider short-term lets

  9. Create a payment plan to avoid cash flow worries

  10. Work with a tax specialist

iHowz would emphasise the last one, recommending you always use someone who has specific rental tax experience; and we would also recommend getting advice from more than one source.

 

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