.png)
.png)
Retirement plan
Key points
- Tax implications of starting a property business.
- The importance of explaining the relevant tax rules as well as providing calculations.
- Rental receipts that are less than £150 000 a year can be reported using the cash basis.
- The differing tax treatment of property improvements and repairs.
- Losses from rents can be set against rental profits in future years.
- Advantages of furnished holiday letting but conditions must be met.
I have just returned from a weekend visiting my nephew Mikey and his family. They live in a manor house in the middle of nowhere which they rent from the ‘Estate’. Mikey runs his cabinet making business from the premises and being so good with his hands has done...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
