If you own more than one rental property in London, 2026 brings important tax changes. HMRC has introduced Making Tax Digital for many landlords. Additional property purchases now attract a 5% SDLT surcharge. The proposed High Value Council Tax Surcharge could also affect some London properties from 2028. Understanding these changes now can help you […]
Managing property in UK involves more than collecting rent. UK tax rules require landlords, developers, and investors to accurately report income, claim the right expenses, and comply with HMRC regulations. For many property owners, understanding how rental income is taxed and how to structure finances efficiently can be challenging. This is where experienced Property Tax Accountants in London provide valuable support
From 6 April 2026, HMRC will introduce a significant change to how UK sole traders and landlords report their income. Under Making Tax Digital for Income Tax, individuals with qualifying income above £50,000 will no longer rely solely on an annual Self Assessment return. Instead, they will be required to keep digital records and submit updates throughout the tax year. This change is part
Joint property ownership is a common arrangement for residential and investment properties across the UK. Whether you share ownership with a spouse, partner, friend, or business associate, it’s essential to understand how HMRC treats joint ownership especially when it comes to tax reporting and compliance or UK landlords and property owners. This guide explains the official rules and obligations under UK tax law and
Joint Property Ownership in the UK: Clear Tax Rules for Landlords and Property Owners Read More »
This memorandum summarises the assets chargeable and non-chargeable for UK Inheritance Tax (IHT), distinguishing between UK-domiciled (or deemed-domiciled) individuals and non-UK-domiciled individuals. 1. Overview UK Inheritance Tax (IHT) applies based on domicile, not merely residence. UK-domiciled or deemed-domiciled individuals are taxed on worldwide assets, while non-UK-domiciled individuals are taxed only on UK-situated assets. 2. UK-Domiciled
UK Inheritance Tax – Chargeable and Non-Chargeable Assets Read More »
Property taxes are an inevitable aspect of homeownership in London, and while they may seem straightforward, many Londoners often make mistakes when it comes to managing them. From overlooking exemptions to misunderstanding assessment processes, these errors can lead to unnecessary expenses and headaches. In this guide, we’ll find the ten most common mistakes Londoners make
10 Mistakes Londoners Make with Their Property Taxes Read More »
