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.

 

SEARCH

YOU MAY ALSO LIKE

Nationwide’s latest report

Figures from Nationwide showed house prices were largely unchanged in June following a bumper performance in May....

Off-Plan Buyers Drop

Higher interest rates have caused off-plan home sales to tumble in the UK, prompting the nation’s housebuilders to...

CATEGORIES
SOCIAL
Twitter feed is not available at the moment.

0 Comments

Submit a Comment