PropertyWire has just published an article aimed at the first time landlord.
It can be seen here, and covers:-
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Get expert advice
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Keep accurate records, MTD 2023
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Maximise your expenses
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Minimise tax
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Form a limited company
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Register for self-assessment
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Managing agent
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Consider short-term lets
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Create a payment plan to avoid cash flow worries
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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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