Latest News
Properties of VAT Fraud Convicts Seized and Sold by HMRC, Raising Millions
In a significant move by HMRC, properties belonging to two individuals convicted of a carousel VAT fraud have been seized and sold. Syed Ahmed and…
HMRC
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Uptick in Property Transactions Signals Industry’s Forward Momentum
August saw a 1% rise in property sales compared to the preceding month, though year-on-year data reveals a 16% drop. Official data confirms that property…
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June’s Uptick in Property Sales: A Brief Respite or Sign of Recovery? Experts Weigh In
Property sales in June saw a modest rise of 6% compared to May, reaching 85,870, which is a 15% decrease from a year earlier. While…
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UK Landlords Must Revalue High-Value Properties Within One Month
Landlord companies in the UK that own residential properties worth more than £500,000 have been reminded that they have only one month left to revalue…
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Stamp Duty receipts remain robust, but for how long
The ending of the Stamp Duty holiday in October 2021 is a key factor behind the surge in receipts. But it may take a few…
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Accountants highlight CGT reporting problems
A ‘very small number’ of taxpayers are to receive refunds of late filing penalties in relation to capital gains tax payable on disposal of residential…
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Revenue has ‘range of approaches’ to identify landlords
A barely disguised warning to landlords not to under-declare their tax liabilities was included in a parliamentary answer given by Jesse Norman, Financial Secretary to…
Landlord Articles
Landlord Tax ‒ Q&A with APARI
As a landlord, you are responsible for recording and submitting your rental income and expenses to HMRC for tax purposes. While being a landlord does…
Landlord Articles
Making Tax Digital (MTD) for Landlords – are you ready?
As a landlord, you’ll need to start thinking about how you will transition to HMRC’s new Making Tax Digital (MTD) for Income Tax regulations. As…
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Landlords warned over unpaid tax
UK buy-to-let landlords who have admitted to evading tax on their rental income underpaid an average of £4,480 in tax last year, accounting firm UHY…