Pro Taxman Blogs

10 deductible expenses

If you let out a property, you can deduct the business expenses that you incur when working out your taxable rental profit. The rules governing

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VAT option to tax changes

The typical situation where ‘opt to tax’ could be used is where a commercial property is purchased for renting. As a new commercial property, VAT

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Tax Relief for Unpaid Rent
Business Plans

Tax Relief for Unpaid Rent

As the cost-of-living crisis bites, landlords may find that tenants struggle to pay their rent. Where this is the case, the relief that is available

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Finance & Accounting

Mortgage interest and tax relief

Many landlords purchase their investment properties with the aid of a mortgage. In the current climate of rising interest rates, landlords may be wondering whether

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Finance & Accounting>Finance & Accounting

Capital allowances for cars

Capital allowances are a mechanism for providing tax relief for capital expenditure. Relief is generally given in the form of a writing down allowance, although

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